PHYS is trading at $31.26, down 3.38%, in a move consistent with gold’s decline amid renewed U.S.–Iran tensions.
- Bloomberg reported bullion fell 1.8% to about $4,210 amid pressure on the Fed to raise rates.
- Rising oil and bond yields fueled inflation concerns and tighter Fed expectations; rejection of Iran’s Strait of Hormuz proposal was cited as a catalyst.
- No PHYS-specific announcement was found.