Stock Market Update
21-Jan-26 14:00 ET
Gold Surges to Fresh Highs on Safe-Haven Demand as Geopolitical Risks Rise
Dow +318.84
at 48806.22,
Nasdaq +75.34
at 23029.69,
S&P +34.86
at 6831.71
[BRIEFING.COM] The Nasdaq Composite (+0.33%) is in last place among the major average on Wednesday afternoon, up about 75 points.
Gold futures settled $71.70 higher (+1.5%) at $4,837.50/oz, as investors piled into safe havens amid rising geopolitical tensions and a softer U.S. dollar, reinforcing risk-off flows. Expectations for Fed rate cuts and concerns over sovereign debt are further lowering the opportunity cost of holding gold, keeping momentum firmly bullish.
Meanwhile, the U.S. Dollar Index is up about +0.1% higher to $98.70.
