🔴 Equinox Gold is trading 5% down as oil-driven inflation concerns pressure gold prices

Equinox Gold is trading at $10.47 (-5.12%) as oil-driven inflation concerns weighed on gold prices.

• Gold prices fell more than 1% on October 22 as rising oil prices stoked inflation concerns and reinforced expectations that interest rates could stay higher for longer, pressuring precious metals.
• Renewed Middle East tensions and falling U.S. indexes weakened broader risk sentiment, adding pressure to mining shares.
• No trading-volume data was provided, so activity level cannot be assessed.