📉 US Stocks Slightly Lower While Gold & Silver Hit Records
Wall Street dips marginally from record highs as precious metals extend 2025 rally
US equities edged down in holiday‑light trading Friday, with the Dow, S&P 500, and Nasdaq closing slightly below record levels. Meanwhile, gold and silver surged to new all-time highs, driven by geopolitical tensions, uncertainty over US policy, and expectations of further Fed rate cuts. International markets were mixed, with Tokyo, Shanghai, Seoul, and Taipei gaining, while Hong Kong, Australia, and Europe remained mostly closed.
• Gold (GC=F) up +1.11%, continuing historic 2025 rally.
• Silver (SI=F) surged above $75/oz for the first time.
• Dow: 48,710.97 (↓0.04%), S&P 500: 6,929.94 (↓0.04%), Nasdaq: 23,593.10 (↓0.1%).
• Dollar weakens vs major currencies; geopolitical tension with Venezuela & Ukraine boosts safe-haven demand.
• Oil prices: WTI $56.74/barrel (↓2.8%), Brent $60.64/barrel (↓2.6%).
Despite minor equity declines, precious metals continue to attract investors seeking safe havens, highlighting risk-off sentiment amid geopolitical and macroeconomic uncertainty. Year-end “Santa Claus rally” could still lift equities next week.
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