Gold failed to hold $4,100, Nasdaq fell 5.5%: Eyes on 16:30

Gold failed to hold the $4,100 level and Nasdaq tumbled 5.5% as a sharp selloff in U.S. equities overwhelmed the safe-haven bid that had lifted bullion over the prior two sessions. The pullback comes despite billions of dollars flowing into gold funds in October, underscoring how quickly momentum has reversed after a record run. Investors now face a fresh test at 16:30 Turkey time, when the next U.S. data release is due. The scale of the Nasdaq drop signals that risk appetite is deteriorating faster than haven demand can offset, a combination that matters for cross-asset positioning into year-end.