SPDR Gold MiniShares is trading 3.3% down today as gold prices retreat to their lowest levels since March following the latest U.S. CPI report and a subsequent rise in real yields.
- Investors are repricing inflation, interest-rate expectations, and the U.S. dollar, creating significant headwinds for physical gold bullion.
- The combination of firmer-than-expected inflation data and higher yields is weighing heavily on gold-focused ETFs like GLDM.
- Broader U.S. equity indices are also under pressure as markets adjust to the shifting macroeconomic outlook.