Gold ▲ 2.77% to $5393.20 — Daily Market Summary, March 2, 2026
Gold posted a sharp 2.77% rally today amid a 0.43% decline in the S&P 500 and a 0.92% drop in the Nasdaq, exacerbated by a 2.24% plunge in Microsoft. Despite a 0.63% rise in the USD Index, a 5.5-basis-point fall in the 10-year yield to 3.96% undercut gold’s opportunity cost, fueling strong safe-haven demand. GLD saw stable institutional engagement with subdued flows amid this risk-off move.