🔴 Commodity Producers ETF (CMCL.TO) is trading 3% down as hotter-than-expected U.S. CPI weighs on precious metals

CMCL.TO is trading at CA$17.00, -3.02%, as hotter-than-expected September U.S. inflation pressured precious metals.

• September headline CPI was 3.7% year over year versus 3.6% expected; core CPI was 2.6% versus 2.5% expected.
• Rising yields and renewed Fed-hike concerns weighed on gold and silver, key fund exposures.
• CMCL also holds energy and base-metal producers; broader equities were weaker, while oil and copper had separate supply-driven support, so the move was not a uniform commodity selloff.