Stock Market Update
25-Apr-25 14:00 ET
Gold drops as safe-haven demand cools amid U.S.-China trade hopes, stronger dollar
Dow -149.55
at 39943.85,
Nasdaq +103.18
at 17269.21,
S&P +10.32
at 5495.11
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.60%) is up about 100 points on Friday afternoon.
Gold futures settled $50.20 lower (-1.5%) at $3,298.40/oz, ultimately down -0.9% on the week, as investors took a breather after the yellow metal's sharp rally earlier this year. The pullback came as signs of easing U.S.-China trade tensions cooled demand for safe-haven assets. A stronger U.S. dollar also weighed on prices, making gold more expensive for buyers using other currencies.
Meanwhile, the U.S. Dollar Index is now up +0.2% to $99.47.
