Gold ETF falls 2.68%, leading declines among US asset-class ETFs

The striking part is the breadth: a single-session sweep that hit gold, long Treasuries, equities, credit and major currencies at once, while the dollar and agricultural funds rose, points to a broad repricing rather than a gold-specific story. Gold's outsized move suggests it was the most crowded or most rate-sensitive position in the mix. For holders of diversified asset-class exposure, the near-uniform red across risk and havens is the signal worth noting. Whether this is a one-day de-risking or the start of a sustained dollar-led rotation is the open question.