U.S. Indices Priced in Gold: Weekly Analysis (Nov. 28, 2025)

I hope everyone had a great Thanksgiving holiday.

The trading week of November 28 is over after two shortened days on Thursday and Friday.

Post-Thanksgiving Market Performance: The “Real” Returns

S&P 500 (VOO): .06%

Dow Jones Industrial Average (DIA): -.46%

Nasdaq (QQQ): 1.26%

Russell 2000 (IWM): 1.88%

Weekly Recap

The Russell 2000 and Nasdaq were the leaders with week up 1.88% and 1.26% respectively. The Dow Jones was in the red and the S&P 500 was flat.
All four indices are still negative for the year.

Table of S&P 500, Dow Jones, Nasdaq, and Russell 2000 priced in gold for the week of November 28, 2025.

Returns From Previous Weeks

November 21, 2025

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