IGLN.L is trading at $80.58, down 3.01%, as higher oil prices revived inflation concerns and expectations of further Federal Reserve rate hikes.
- Reuters reported Monday that spot gold was down more than 1%.
- Gold came under pressure after President Trump rejected Iran’s proposal to reopen the Strait of Hormuz, lifting oil prices and weighing on non-interest-bearing gold.
- No IGLN.L-specific announcement or catalyst was found; available coverage points to gold-market and macroeconomic pressure.