🔴 ETFGLD.JO is trading 3.23% down today as gold falls on Fed rate-hike expectations

ETFGLD.JO is trading at ZAc 65,201.00, down 3.23%, in line with weakness in its underlying gold exposure.

• Reuters reported gold fell as much as 4% on September 28, pressured by rising U.S. Treasury yields and expectations of further Fed rate hikes.
• Higher oil prices, inflation concerns and the stalemate in U.S.-Iran talks also weighed on the non-yielding metal.
• No specific ETFGLD.JO announcement explaining the move was identified.