IAUM is trading at $38.62, down 3.62%, as hotter-than-expected September PCE inflation and stronger U.S. GDP strengthened expectations of a possible December Fed rate hike.
- IAUM’s decline aligns with a broad selloff in gold and precious metals; elevated oil prices added to inflation concerns.
- Safe-haven demand from Middle East tensions was not enough to offset rate concerns. Gold was reported below $4,000 on October 30.
- Available sources do not establish IAUM’s intraday volume.