Stock Market Update
07-Nov-25 14:00 ET
Gold tops $4,000 as dollar weakens and Fed rate-cut bets lift safe-haven demand
Dow -228.73
at 46683.36,
Nasdaq -319.29
at 22734.72,
S&P -53.94
at 6666.37
[BRIEFING.COM] The Nasdaq Composite (-1.38%) is in last place on Friday afternoon, down more than 319 points.
Gold futures settled $18.80 higher (+0.5%) at $4,009.80/oz, and are up roughly +0.3% on the week. The move appears to be driven primarily by a combination of a weakening U.S. dollar and renewed expectations of an interest-rate cut from the Federal Reserve. In addition, the ongoing U.S. government shutdown and uncertainties around U.S. trade/tariff policy have revived safe-haven demand for bullion, supporting the advance.
Meanwhile, the U.S. Dollar Index is down about -0.2% to $99.51.
