Stock Market Update
03-Feb-26 14:00 ET
Gold Surges 6% to $4,935 in Biggest One-Day Rally Since 2008 as Nasdaq Slumps
Dow -536.54
at 48869.91,
Nasdaq -556.41
at 23035.72,
S&P -110.08
at 6866.35
[BRIEFING.COM] The tech-heavy Nasdaq Composite (-2.36%) is now down about 556 points with two hours to go on Tuesday.
Gold futures settled $282.40 higher (+6%) at $4,935.00/oz, marking their largest one-day gain since 2008. The rally was driven by short covering, bargain buying after recent declines, and ongoing safe-haven demand amid inflation concerns and resilient macro fundamentals.
Meanwhile, the U.S. Dollar Index is now -0.1% lower to $97.48.
