IAU is trading at $72.81 (-3.59%) as expectations of further Fed tightening pressure gold.

  • Strong U.S. GDP growth and September inflation data reinforced expectations of a possible December rate hike, raising the opportunity cost of holding non-yielding gold.
  • Elevated oil prices added to inflation concerns, while safe-haven demand did not offset the rate outlook.
  • Reports describe broad weakness across precious metals, consistent with a sector-driven move rather than an IAU-specific catalyst.