Stock Market Update
06-Feb-26 14:00 ET
Gold Jumps Nearly 2% to $4,976 as Safe-Haven Demand Rises Amid Geopolitical Risk, Weaker Dollar
Dow +1034.80
at 49942.31,
Nasdaq +419.81
at 22960.42,
S&P +114.08
at 6912.47
[BRIEFING.COM] The tech-heavy Nasdaq Composite (+1.86%) is firmly in second place on Friday afternoon, up about 420 points.
Gold futures settled $86.40 higher (+1.8%) at $4,975.90/oz, as safe-haven demand picked up amid geopolitical uncertainty, heightened market volatility, and renewed risk-off sentiment, while a softer U.S. dollar and falling real yields continued to support bullion. The move was amplified by speculative positioning and sharp price swings, underscored by COMEX margin hikes and expectations that the Fed will eventually ease policy.
Meanwhile, the U.S. Dollar Index is now -0.4% lower at $97.63.
