SGOL is trading at $36.95, down 3.51%, as stronger-than-expected U.S. growth and accelerating inflation reinforced expectations of a possible December Federal Reserve rate hike, raising the opportunity cost of holding non-yielding gold.
- Rising oil prices amid Middle East supply risks added to inflation concerns.
- Technology-stock selling reportedly increased liquidity-driven pressure on gold; these gold-market pressures are the clearest sector-level explanation for SGOL’s decline.