Global Markets Slip: S&P 500 Down 1.67%, Gold Surges 2.59%
Global equity markets declined on March 29th with the S&P 500 falling 1.67% to 6,368.85 while gold rallied 2.59% to $4,489.70 per ounce and copper gained 1.51%.
Key Points
- S&P 500 fell 1.67% to 6,368.85, Nasdaq dropped 2.15%
- Gold surged 2.59% to $4,489.70 per ounce on safe-haven demand
- Copper gained 1.51% to $1,138.15
- European markets relatively resilient with modest declines
Full Details
Global equity markets experienced significant declines on March 29th, 2026, with the S&P 500 dropping 1.67% to close at 6,368.85, reflecting broad-based selling pressure on U.S. stocks. The Nasdaq Composite fell even harder, down 2.15% to 20,948.36, while European markets were relatively resilient with the FTSE 100 slipping only 0.05% to 9,967.35 and the STOXX Europe 600 declining 0.95% to 575.30. In commodities, gold surged 2.59% to $4,489.70 per ounce as investors sought safe-haven assets amid geopolitical uncertainty, while copper gained 1.51% to $1,138.15. The U.S. 10-year Treasury yield stood at 4.428% and the German 10-year at 3.109%, with the S&P 500 showing a year-to-date return of just 0.70% despite strong 52-week performance of 71.43%.
Why It Matters
The divergence between falling equities and rising gold suggests investors are rotating into safe-haven assets amid geopolitical uncertainty, potentially signaling increased market volatility ahead.
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