Gold ▼ -0.71% to $4031.60 — Daily Market Summary, October 23, 2026
Gold underwent a sharp decline of 0.71% amid a 1.2% drop in the S&P 500 and a 2.6% plunge in the Nasdaq, driven by tech margin calls including a selloff in MSFT. The retreat in 10-year Treasury yields to 4.95% partially offset gold’s losses by lowering its opportunity cost. Elevated institutional activity in the GLD ETF underscores active strategic positioning amid cross-asset turbulence.





