Gold ▼ -0.93% to $4355.30 — Daily Market Summary, September 1, 2026
Gold plunged 0.93% amid a 3.8 basis point climb in the 10-Year yield to 4.80%, elevating gold’s opportunity cost. The Nasdaq and Microsoft declines alongside a firmer dollar intensified pressure, with subdued GLD flows signaling cautious institutional engagement. This constellation of rising yields and equity weakness sets the stage for potential further adjustments in gold holdings.