Gold Falls 1%; Amer Sports Earnings Top Views

Gold led commodity weakness midday as prices fell about 1.3% to $4,498.60, pressuring markets alongside a broader risk-off tone that saw U.S. indices slip (Dow -0.35%, Nasdaq -0.93%, S&P 500 -0.56%). Silver plunged roughly 3.5% to $74.78 and copper eased 1.9%, while oil was little changed near $108.80. In equities, Amer Sports topped estimates (adjusted EPS $0.38 vs. $0.30) and raised FY26 guidance, offsetting some downside. The market update reflects modest bearish pressure on precious metals and a soft mid-session U.S. equity tone driven by sector rotation (materials -2.1%) and mixed regional markets.