IS0E.DE is trading at €37.73 (-3.11%) as gold prices fell toward six-week lows on September 14, pressured by a stronger U.S. dollar and rising Treasury yields ahead of the Federal Reserve meeting.
- Gold’s weakness directly weighs on gold-mining equities, whose operating margins and valuations are highly sensitive to bullion prices.
- The move is also consistent with the broader risk-off backdrop and renewed expectations for tighter Fed policy after hotter wholesale inflation.