🔴 Gold Producers ETF (IS0E.DE) is trading 4% down as oil-fueled rate-hike concerns weigh on gold

IS0E.DE is trading at €36.17 (-3.97%) as oil-driven rate-hike concerns weigh on gold.

• Spot gold fell 2.1% to $4,198.10 per ounce early September 28, as rising oil revived inflation concerns and expectations of further Fed rate hikes.
• Higher yields raise the opportunity cost of holding non-yielding gold, pressuring the gold-producers ETF.
• The market is closed; no ETF volume data was provided.