Stock Market Update
05-Jan-26 14:00 ET
Gold Jumps Nearly 3% on Geopolitical Shock as Safe-Haven Demand Overpowers Firmer Nasdaq
Dow +820.70
at 49202.88,
Nasdaq +175.33
at 23410.99,
S&P +53.58
at 6912.04
[BRIEFING.COM] The Nasdaq Composite (+0.75%) is in last place among the major average, still up 175 points.
Gold futures settled $121.90 higher (+2.7%) at $4,451.50/oz, as safe-haven demand spiked following heightened geopolitical tensions tied to the reported U.S. capture of Venezuela's president. The move also built on gold's already strong macro backdrop, supported by expectations for Fed rate cuts, central-bank buying, and persistent risk aversion.
Meanwhile, the U.S. Dollar Index is now down about -0.1% to $98.23.
