ETLX.DE is trading at €98.28, down 4.32%, as gold weakened on higher oil prices and inflation concerns that reinforced expectations of further Federal Reserve rate hikes.
- President Trump rejected Iran’s Strait of Hormuz proposal, renewing geopolitical uncertainty; oil rose and Treasury yields advanced, adding pressure to bullion and gold-mining shares.
- The move appears driven by precious-metals sector and macro conditions, not a company-specific catalyst.