Stock Market Update
10-Nov-25 14:00 ET
Gold surges $106 to $4,115 as weak U.S. data and Fed cut bets drive safe-haven demand
Dow +303.64
at 47290.53,
Nasdaq +469.69
at 23474.24,
S&P +89.49
at 6818.28
[BRIEFING.COM] With about two hours to go on Monday the tech-heavy Nasdaq Composite (+2.04%) is leading action, up more than 469 points.
Gold futures settled $106 higher (+2.6%) at $4,115.80/oz, with the move driven chiefly by soft U.S. economic data and increasing expectations of a Federal Reserve rate cut in December. Global risk-aversion remains elevated, aided by the U.S. government shutdown clinging to the backdrop and the prospect of clearer data once the shutdown ends. As inflation pressure and economic growth worries mount, the non-yielding metal is benefiting from its safe-haven status and from the reduced opportunity cost in a lower-rate environment.
Meanwhile, the U.S. Dollar Index is flat at $99.60.
