Stock Market Update
09-Oct-25 14:00 ET
Gold drops 2.4% to $3,972 as traders take profits after record run, dollar strengthens
Dow -246.88
at 46354.69,
Nasdaq -103.47
at 22939.93,
S&P -29.42
at 6724.29
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.45%) is in second place on Thursday afternoon, down about 103 points.
Gold futures settled $97.90 lower (-2.4%) at $3,972.60/oz, as traders took profits after a record run above $4K, pressured by a firmer dollar and easing geopolitical tensions. Analysts said the pullback looks technical, with underlying support from rate-cut bets and central-bank demand still intact.
Meanwhile, the U.S. Dollar Index is up about +0.6% to $99.44.
