Stock Market Update
20-Mar-25 14:00 ET
Gold prices steady near record highs amid rate cut bets and geopolitical risks
Dow -65.15
at 41899.48,
Nasdaq -83.77
at 17667.02,
S&P -20.23
at 5655.06
[BRIEFING.COM] The Nasdaq Composite (-0.47%) is the worst-performing major average with about two hours to go on the sesssion.
Gold futures settled $2.60 higher (+0.1%) at $3,043.80/oz, supported by the yesterday's signal from the Federal Reserve for two rate cuts in 2025, strong central bank purchases, and geopolitical tensions. Also applying support for gold prices, Citigroup analysts raised their three-month gold target to $3,200, citing increased investment demand and inflation concerns.
Meanwhile, the U.S. Dollar Index is up about +0.4% to $103.87.
