🔴 Commodity Producers ETF (CMCL.TO) is trading 3.17% down as gold and silver fall on rate-hike fears

CMCL.TO is trading at CA$17.43, down 3.17%, as falling gold and silver prices pressured precious-metals producers.

• Gold fell 2.7% and silver 4.3% as rising oil prices revived inflation concerns and rate-hike expectations.
• The oil rebound followed the U.S. rejection of Iran’s proposal to reopen the Strait of Hormuz, reversing hopes for a diplomatic resolution.
• CMCL holds substantial gold-producer and other commodity exposure, so weaker metals likely outweighed support from higher energy prices.