Stock Market Update
20-Jan-26 14:00 ET
Gold Soars 3.7% to $4,766 as Geopolitical Tensions and Fed Cut Bets Drive Safe-Haven Demand
Dow -825.74
at 48532.38,
Nasdaq -480.81
at 23034.61,
S&P -126.78
at 6813.22
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-2.04%) is in last place on Tuesday afternoon, down 480 points.
Gold futures settled $170.40 higher (+3.7%) at $4,765.80/oz, as investors piled into safe havens amid heightened geopolitical tensions tied to President Trump's renewed trade threats and provocative moves involving Greenland, which pressured global risk assets and weakened the dollar. The rally was further fueled by growing expectations for future Federal Reserve rate cuts, reducing the opportunity cost of holding non-yielding gold.
Meanwhile, the U.S. Dollar Index is down about -0.5% to $98.54.
