Stock Market Update
07-Oct-25 14:00 ET
Gold tops $4,000 as safe-haven demand surges on Fed cut bets and geopolitical jitters
Dow -156.47
at 46538.29,
Nasdaq -173.99
at 22767.69,
S&P -32.29
at 6707.98
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.76%) is today's worst-performing major average, down nearly 174 points.
Gold futures settled $28.10 higher (+0.7%) at $4,004.40/oz, as investors piled into safe-haven assets amid U.S. government shutdown worries, a weaker dollar, and renewed geopolitical tensions. Expectations for imminent Fed rate cuts and continued central-bank buying further fueled the metal's climb to fresh record highs.
Meanwhile, the U.S. Dollar Index is up about +0.4% to $98.47.
