Stock Market Update
12-Nov-25 14:00 ET
Gold surges 2.4% to record $4,213 as weak data spurs Fed cut bets, safe-haven demand
Dow +397.55
at 48325.30,
Nasdaq -64.21
at 23404.11,
S&P +8.68
at 6855.28
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-0.27%) is in last place on Wednesday afternoon, down almost 65 points.
Gold futures settled $97.30 higher (+2.4%) at $4,213.60/oz, as weak U.S. economic data fueled expectations of imminent Fed rate cuts, boosting demand for non-yielding assets. A softer dollar and renewed safe-haven buying amid global uncertainty further supported the metal's rally.
Meanwhile, the U.S. Dollar Index is down about -0.1% to $99.43.
