🔴 Seabridge Gold is trading 4.2% down as oil-driven inflation concerns revived higher-rate expectations

Seabridge Gold is trading 4.2% down at $24.75 as oil-driven inflation concerns revived expectations of higher interest rates, weighing on gold.

• Broader markets were also lower amid geopolitical tensions and risk-off sentiment.
• No clear Seabridge Gold-specific catalyst was found for the October 22 decline; the move is most consistent with macro pressure rather than a newly announced company event.