Stock Market Update
29-Sep-25 14:00 ET
Gold rallies above $3,850 on Fed cut bets, dollar weakness, and haven demand
Dow -26.44
at 46220.64,
Nasdaq +100.59
at 22584.66,
S&P +11.51
at 6655.20
[BRIEFING.COM] The Nasdaq Composite (+0.45%) is atop the standings on Monday afternoon, up about 100 points.
Gold futures settled $46.20 higher (+1.2%) at $3,855.20/oz, boosted by a weaker dollar and growing bets on Fed rate cuts after benign inflation data. Safe-haven demand tied to U.S. fiscal uncertainty, alongside ETF inflows and central bank buying, added further support.
Meanwhile, the U.S. Dollar Index is down about -0.2% to $97.96.
