🔴 Gold Producers ETF (IS0E.DE) is trading 3.02% down as falling gold prices weigh on miners

IS0E.DE is trading at €34.70 (-3.02%) as weakness in gold prices pressured producers.

• On October 22, gold fell over 1%, with spot gold at $4,088.97 an ounce. Renewed Middle East tensions pushed oil higher and stirred inflation concerns.
• Inflation concerns raised worries about interest rates, weighing on non-yielding bullion. An October sector report also cited rising bond yields as a drag on precious metals and miners.
• The move reflected weakness in the gold-mining sector, rather than a reported company-specific catalyst.