Gold ▲ 1.03% to $5247.90 — Daily Market Summary, February 28, 2026
Gold surged 1.03% as the 10-year yield declined to 3.96%, lowering the opportunity cost of holding gold. The Nasdaq’s 0.92% drop, amplified by MSFT’s heavy losses, triggered risk-off flows benefiting gold despite a mild DXY pickup. GLD volume reflected stable institutional participation, underscoring a risk-sensitive environment favoring gold.