Stock Market Update
24-Sep-25 14:00 ET
Gold drops 1.3% to $3,768 as stronger dollar, Fed caution spur profit-taking
Dow -159.30
at 46133.27,
Nasdaq -100.28
at 22473.20,
S&P -25.02
at 6631.89
[BRIEFING.COM] With about two hours to go on Wednesday afternoon the tech-heavy Nasdaq Composite (-0.44%) is lower by 100 points.
Gold futures settled $47.60 lower (-1.3%) at $3,768.10/oz, as a stronger dollar and profit-taking pressured prices after recent record highs. The pullback also reflected investor caution following Fed Chair Powell's more measured tone on rate cuts, which tempered expectations for rapid monetary easing.
Meanwhile, the U.S. Dollar Index is now up about +0.6% to $97.85.
