**Gold Loses Its Safe-Haven Bid**

Spot gold fell **about 3%** to roughly **$3,910** an ounce, its **lowest since October 2025**. Futures are down about **26%** from January's record close of **$5,318**.

The selloff came as the Nasdaq 100 fell **more than 2%** and **$INTC** had its **worst day since 1974**. Traders are pricing in more Fed hikes after a hot **0.5% September PCE print**.

When even **$GLD** is sold during a tech rout, investors are **raising cash** wherever they can. **Rates are the market's main fear.**

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