Gold ▲ 2.62% to $4524.30 — Daily Market Summary, March 29, 2026
Gold surged 2.62% in a sharp risk-off move as the Nasdaq plunged 2.15% amid tech sector woes and margin pressure. US 10-Year yields remained elevated at 4.44%, while the dollar gained modestly, prompting strong institutional participation in gold ETFs. This confluence signals defensive positioning driven by hawkish yields and equity stress.