The US stock market closed on a high note, with the Dow Jones securing its sixth consecutive day of gains. The S&P 500 and Nasdaq also saw significant increases. Meanwhile, gold prices dropped for the day, falling 0.4% to $3,318.80 per troy ounce. This marks the fourth out of six days that gold has declined in value, but analysts remain optimistic about its future prospects.
Goldman Sachs Commodities Research notes that despite a forecast of $3,700 per ounce, they expect gold prices to rise even further due to concerns over US governance and a shift towards safer investments.
Source: https://www.barrons.com/livecoverage/stock-market-today-042925