Stock Market Report, Gold Down Silver Stable Week Ending 6/27/25
Gold took a hit last week, falling more than 1%. The drop came after the Federal Reserve gave signals it may not cut interest rates soon. Investors also kept a close watch on tensions in the Middle East.
On Monday, Iran launched an attack on U.S. military assets in Qatar. This came after U.S. strikes on Iran's nuclear sites. However, the attack resulted in no deaths or major damage. That gave investors hope that things wouldn’t get worse.
Stocks jumped. The S&P 500 rose 0.96%. The Nasdaq gained 0.94%, and the Dow climbed 0.89%. Gold stayed steady near $3,340. Silver didn’t move much either, trading at $36.05.
By Tuesday, news of a possible ceasefire between Iran and Israel pushed stocks even higher. The Nasdaq and S&P hit their highest points since February. That same day, Fed Chair Jerome Powell spoke to Congress. He said the Fed needs more data before considering a rate cut. But he also hinted rate cuts could come “sooner rather than later.”
His mixed message caused gold prices to drop again. It slid 0.5% to $3,329. Silver stayed near $36.05.
On Wednesday, the ceasefire talks kept pressure on gold. But expectations of a rate cut in September helped support it. Traders now see an 85% chance the Fed will cut rates by 0.25%. Gold rose slightly to $3,339. Silver went up 1% to $36.37. Stocks were mixed. The Dow dipped 0.3%, but the Nasdaq rose 0.3%, helped by a 4% jump in Nvidia shares.
Thursday brought more good news for Wall Street. The White House may extend tariff waivers that were about to expire. The dollar index fell to a 3.5-year low of 97.025. Even with a weaker dollar, gold dropped below $3,300. With less fear in the markets, fewer people were buying gold.
Friday added more pressure on gold. The U.S. and China may restart rare earth mineral exports. Plus, inflation came in higher than expected. Gold tumbled again, ending the week at $3,276—a 2.4% weekly loss. Silver held firm at $35.15.
Despite rising inflation, stocks ignored the bad news. Instead, they focused on trade deals and peace talks. The S&P 500 hit a new all-time high of 6,160.24. It ended the week up 3.11%. The Dow rose 3.55%. The Nasdaq led with a 3.89% gain for the week.
