Stock Market Update
31-Oct-25 14:00 ET
Gold falls below $4,000 as stronger dollar and diminished Fed cut hopes weigh on safe-haven demand
Dow -77.20
at 47444.71,
Nasdaq +129.85
at 23711.02,
S&P +8.86
at 6831.19
[BRIEFING.COM] With about two hours to go on the week the tech-heavy Nasdaq Composite (+0.55%) is up about 130 points.
Gold futures settled $19.40 lower (-0.5%) at $3,996.50/oz, capping a -3.4% weekly decline as a firmer U.S. dollar and reduced expectations for another Fed rate cut in December weighed on the metal. Easing U.S./China tensions and fund outflows further pressured safe-haven demand, pushing prices below the $4,000 level.
Meanwhile, the U.S. Dollar Index is up about +0.3% to $99.80.
