ETLX.DE is trading at €90.50, down -3.45%, as higher oil prices stoke inflation concerns and expectations of restrictive Federal Reserve policy, weighing on non-yielding gold.
- Gold fell below $4,000 earlier in the session, extending losses.
- Mining stocks fell alongside bullion, with broader risk-off sentiment adding to sector weakness.
- The oil spike is linked to Middle East tensions and supply-chain concerns.