Aris Mining is trading at $18.37 (-5.99%) as higher Fed-hike expectations weigh on gold amid gold-miner weakness and broader risk-off sentiment.
- Gold futures fell 1.3% as markets priced higher odds of a Federal Reserve hike, Reuters reported ahead of the Federal Reserve meeting.
- Brent crude rose 3.7% to $108.48, intensifying inflation and rate-pressure concerns.
- Bitcoin, Ethereum, and other major cryptocurrencies are modestly higher, so crypto sentiment is not driving the decline.