🔴 IAMGold is trading 6.5% down today as higher yields pressure gold and miners

IAMGold is trading 6.5% down at $18.42 as falling gold prices and pressure on precious-metal miners weigh on shares.

• Oil’s surge reignited inflation concerns and pushed Treasury yields higher; Reuters said elevated yields weighed on precious-metal prices and miners, while Bloomberg reported gold fell sharply as higher yields reduced its appeal.
• No company-specific announcement explaining the move was found; available coverage points to commodity and macro pressures. Materials fell 1.55% during the regular session.