Gold ▲ 2.98% to $5404.30 — Daily Market Summary, March 2, 2026
Gold surged nearly 3% today amid a 5.5 basis point drop in the 10-year Treasury yield to 3.96%, which lowered gold’s opportunity cost. Concurrent sharp declines in Microsoft and the Nasdaq added risk-off pressure, while the U.S. Dollar Index gained modestly. Stable institutional volume in the GLD ETF supported gold’s strong advance during this coordinated cross-asset shift.