🔴 Gold Bullion ETF (CGL.TO) is trading 3.02% down today as yields and dollar strength weaken gold

CGL.TO is trading at CA$32.74, down 3.02%, as higher U.S. Treasury yields and a firmer dollar weaken gold demand.

• Renewed U.S.-Iran tensions pushed oil higher, stoking inflation concerns and increasing expectations for Federal Reserve rate hikes.
• The Canadian-dollar hedge limits currency effects; the dominant driver is the underlying gold decline.