🔴 Gold ETF (SGOL) is trading 3.33% down as higher Treasury yields pressure gold

SGOL is trading at $39.47, down 3.33%, as higher Treasury yields raised gold’s opportunity cost.

• President Trump’s rejection of Iran’s Hormuz proposal revived geopolitical risk, sending oil higher and sharpening inflation concerns; Brent rose above $106 per barrel.
• Higher oil and resilient U.S. activity strengthened expectations for tighter-for-longer Fed policy; the 10-year Treasury yield reached its highest level since 2007.
• Gold weakened broadly, consistent with SGOL’s bullion exposure.