Gold ▼ -1.24% to $4835.30 — Daily Market Summary, March 18, 2026
Gold plunged 1.2% as the 10-Year Treasury yield climbed 5.7 bps to 4.26%, heightening opportunity costs for bullion. Elevated GLD volume showed significant institutional selling amid a hawkish dollar and a tech-led Nasdaq slide, with Microsoft falling nearly 2%, reinforcing risk-off pressures. This selloff underscores systemic stress from rising yields and sector-specific equity volatility impacting gold markets.