Gold ▼ -2.11% to $4230.10 — Daily Market Summary, September 28, 2026
Gold plunged 2.11% as US 10-Year yields ticked higher to 5.18%, intensifying the opportunity cost of holding gold. Stable dollar conditions and a risk-on equity rally, led by strong tech performance, drove capital away from gold amid subdued institutional flows in GLD. This dynamic underscores heightened pressure on gold prices in a hawkish yield environment.