🔴 Alamos Gold is trading 5% down in pre-market as inflation and rate concerns pressure gold

Alamos Gold is trading at $32.77 (-5.01%) as falling gold prices weigh on producers amid renewed inflation and rate-hike concerns.

• Reuters reported spot gold fell 1.5% on September 28 as rising oil prices renewed inflation concerns and expectations of further Fed rate hikes.
• No new September 28 company announcement was found; recent Young-Davidson guidance reductions are prior context, not a confirmed fresh catalyst.
• Bitcoin fell 2.17% and Ethereum 1.80%; neither is a primary driver for this gold producer.