Stock Market Update
24-Jun-25 14:00 ET
Gold sinks 1.8% as Iran/Israel ceasefire eases geopolitical fears, dovish Fed adds pressure
Dow +511.51
at 43093.29,
Nasdaq +300.53
at 19931.52,
S&P +70.38
at 6095.55
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+1.53%) is near HoDs in current trading, up north of 300 points.
Gold futures settled $61.10 lower (-1.8%) at $3,333.90/oz, as news of a ceasefire between Israel and Iran sharply reduced demand for safe-haven assets. Coupled with dovish signals from Fed Vice Chair Michelle Bowman as well as Fed Chair Powell's testimony, the decline reflects both fading geopolitical risk premiums and elevated uncertainty around U.S. monetary policy.
Meanwhile, the U.S. Dollar Index is down -0.6% to $97.85.
