Stock Market Update
23-Sep-25 14:00 ET
Gold jumps $40 as Fed cut bets, China reserve moves, and geopolitical risks drive safe-haven demand
Dow -112.05
at 46269.28,
Nasdaq -203.85
at 22585.13,
S&P -37.35
at 6656.39
[BRIEFING.COM] With about two hours to go on Tuesday afternoon the tech-heavy Nasdaq Composite (-0.89%) is down about 203 points.
Gold futures settled $40.60 higher (+1.1%) at $3,815.70/oz, as investors bet on further Fed rate cuts, a weaker dollar, and sustained central bank demand, particularly following reports of China seeking a larger role in custodizing sovereign reserves. Geopolitical tensions and global growth worries also boosted safe-haven flows into the metal.
Meanwhile, the U.S. Dollar Index is down about -0.1% to $97.24.
