ETLX.DE is trading €95.33 (-3.06%) as hotter-than-forecast September core CPI lifted rate-hike concerns and Treasury yields, weighing on non-yielding gold.
- Gold was down 1.24% at $4,126.50 in market coverage, adding pressure to gold-mining shares.
- Major miners include Newmont, Agnico Eagle and AngloGold Ashanti, exposing the ETF to sector-wide weakness.
- The move aligns with inflation and rate expectations, rather than a specific company catalyst.