🔴 GLD.BA is trading 3.92% down as oil gains fuel rate-hike bets

GLD.BA is trading 3.92% down at ARS 12,260.00, amid gold pressure from oil-driven inflation fears and expectations for further Fed rate hikes.

• No company-specific announcement was identified. Reuters reported gold fell nearly 4% on September 28 as higher oil prices, Treasury yields and a firmer dollar weighed on the metal.
• On September 29, gold edged higher after reaching a more-than-seven-week low, though focus remained on Middle East developments and upcoming U.S. economic data; that rebound contrasts with GLD.BA’s live decline.