🔴 Global Gold ETF (XGD.TO) is trading 3.2% down today as Fed hike odds rose

XGD.TO is trading at CA$58.95 (-3.24%) after spot gold fell sharply as September Federal Reserve rate-hike odds rose.

• Spot gold was down 1.97% by 8:05 a.m. ET on September 1, 2026; traders raised September Federal Reserve rate-hike odds to approximately 65%, pressuring non-yielding bullion.
• Global bond yields rose, with Japan’s 10-year yield reaching 3%, reinforcing risk-off conditions.
• Canadian equity futures weakened as falling precious-metal prices pressured resource-heavy markets.