🔴 KGLD is trading 3.92% down today as oil and yields pressure gold

KGLD is trading 3.92% down now at $25.71 as falling gold prices weigh on its gold exposure.

• Reuters reported spot gold down 2.7% to $4,171.85 on September 28, as rising oil prices heightened inflation concerns and reinforced expectations of further Federal Reserve rate hikes.
• Higher bond yields also pressured gold, which pays no interest.
• No KGLD-specific announcement explaining the decline surfaced in the search; its options-income strategy does not insulate it from declines in underlying gold exposure.