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

Eldorado Gold is trading at $39.74, down 5.20%, as falling gold pressured miners.

• Gold fell more than 1% on September 28 as higher oil heightened inflation concerns and strengthened expectations for further Federal Reserve rate hikes.
• No fresh company-specific announcement explained the move; latest highlighted news was first copper-gold concentrate at Skouries on September 8.
• Broader risk conditions weakened; supplied index moves were mixed, and the decline substantially exceeded the recent September 25 close-to-close move.