🟢 Global Gold ETF (XGD.TO) is trading 3% up on an oversold relief bounce in gold-miner equities

XGD.TO is trading at CA$60.35 (+3.02%), with the move appearing primarily to be an oversold relief bounce in gold-mining equities rather than a fresh bullish bullion catalyst.

• XGD.TO fell 3.60% on September 1 and 4.90% on August 31.
• Gold slipped 0.4% early on September 2 as markets priced roughly a 67%–70% chance of a September Federal Reserve hike.
• Higher yields, a firmer dollar, and elevated oil prices remain headwinds for gold.