Stock Market Update
20-Jun-25 14:00 ET
Gold falls nearly 2% on week as Fed caution, easing haven demand offset Mideast tensions
Dow -55.04
at 42116.62,
Nasdaq -119.58
at 19426.70,
S&P -19.55
at 5961.32
[BRIEFING.COM] The Nasdaq Composite (-0.61%) is today's worst-performing major average, trimming this week's gains to about +0.1%.
Gold futures settled $22.40 lower (-0.7%) at $3,385.70/oz, down about -1.9% on the week, as a stronger U.S. dollar and sticky Treasury yields undercut the yellow metal's appeal. The Fed's caution around rate cuts compounded pressure, even as geopolitical tensions in the Middle East lingered. Yet, easing haven demand, fueled by diplomacy ahead of potential U.S. involvement, and technical profit-taking after recent highs outweighed supportive safe-haven flows.
Meanwhile, the U.S. Dollar Index is now down about -0.1% to $98.65.
