IS0E.DE is trading at €38.38, down -3.03%, as expectations for a September Fed rate hike rise after stronger August employment data.
- Higher oil prices and renewed Middle East tensions are reinforcing inflation concerns, potentially keeping rates higher and weighing on gold-related equities.
- Gold was modestly higher on September 10, but mining shares continued to lag after the sector’s earlier bullion-driven selloff.
- Broader risk aversion, elevated energy costs and uncertain rate expectations are the most likely causes, rather than a single company-specific catalyst.