PHYS is trading 3.02% down now at $32.79 after gold prices declined amid stronger expectations for Federal Reserve tightening.
- Gold fell 2.17% on September 1, with coverage citing Chair Kevin Warsh’s hawkish inflation stance, higher Treasury yields, and oil-driven inflation concerns linked to Strait of Hormuz tensions.
- Broader risk-off trading, including losses across major U.S. indexes, is adding pressure.