Stock Market Update
23-Jan-26 14:00 ET
Gold Jumps 1.4% to Near $5,000 as Safe-Haven Demand, Fed Cut Bets Drive Rally
Dow -343.61
at 49039.19,
Nasdaq +81.86
at 23517.91,
S&P +0.36
at 6913.70
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+0.35%) is in first place on Friday afternoon, up about 81 points.
Gold futures settled $66.30 higher (+1.4%) at $4,979.70/oz, on safe-haven demand tied to geopolitical uncertainty and expectations for Fed easing, which pushed real yields lower and boosted bullion's appeal. The rally was reinforced by central bank buying, a softer dollar, and tightening physical supply, amplifying momentum across precious metals.
Meanwhile, the U.S. Dollar Index is down about -0.5% to $97.79.
