Gold ▼ -0.88% to $4689.20 — Daily Market Summary, May 11, 2026

Gold plunged 0.9% on elevated 10-Year yields at 4.36%, a rising USD Index, and a strong Nasdaq rally (+1.71%) reflecting intensified risk-on flows. Subdued GLD participation underscored institutional preference for equities, setting a tactical consolidation phase for bullion amid sustained opportunity cost pressures.

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