Stock Market Update
08-Oct-25 13:55 ET
Gold surges to record $4,070 as safe-haven demand and Fed cut bets fuel rally
Dow +92.46
at 46695.23,
Nasdaq +207.80
at 22996.18,
S&P +36.55
at 6751.13
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.91%) hosts the best gains on Wednesday afternoon with the FOMC's September Meeting Minutes due at the top of the hour.
Gold futures settled $66.10 higher (+1.7%) at $4,070.50/oz, as investors sought safety amid renewed geopolitical tensions and growing expectations of imminent Fed rate cuts. A weaker dollar, persistent central-bank buying, and steady ETF inflows further supported the metal's record climb.
Meanwhile, the U.S. Dollar Index is up about +0.4% to $99.01.
