Gold ▲ 2.74% to $5391.90 — Daily Market Summary, March 2, 2026
Gold rallied sharply, up 2.7%, amid a notable 5.5 bps drop in the 10-Year Treasury yield to 3.96%, which lowered gold’s opportunity cost and spurred elevated institutional ETF participation. Despite a 0.5% rise in the dollar index, weakness in tech stocks, including Microsoft, pressured equities and bolstered gold’s safe-haven appeal, signaling a significant short-term shift in market dynamics.