🔴 Gold ETF (GLDM) is trading 3.57% down on October 30, 2026, as growth and inflation bolster Fed rate-hike expectations

GLDM is trading at $76.65, down -3.57%, as stronger-than-expected U.S. growth and persistent inflation reinforced expectations of a possible Federal Reserve rate hike and reduced the appeal of non-yielding bullion. - Elevated oil prices added to inflation concerns. - Equity-market liquidation may have added selling pressure; the decline reflected pressure across gold, not a GLDM-specific catalyst.