Gold ▼ -3.1% to $4365.30 — Daily Market Summary, June 7, 2026
Gold plunged 3.1% amid a crisis marked by forced selling driven by a spike in the 10-Year yield to 4.54% and a tech sector selloff—Nasdaq fell 4.2%, Microsoft 2.7%. Silver’s 6.6% crash confirmed contagion within precious metals. Elevated GLD participation indicated significant institutional selling pressure against a bullish dollar backdrop.