Gold ▼ -1.22% to $4836.50 — Daily Market Summary, March 18, 2026
Gold plunged 1.22% amid a 5.7 basis point rise in the 10-Year yield to 4.26%, increasing opportunity cost and driving selling pressure. Simultaneous tech sector declines, including a sharp drop in Microsoft shares, fueled contagion across silver and gold. Elevated GLD participation highlights active institutional repositioning in this hawkish environment.