🔴 Global Gold Miners ETF (XGD.TO) is trading 3.23% down as U.S. inflation reinforces rate-pressure concerns

XGD.TO is trading at CA$53.10, down -3.23%, as hotter-than-expected U.S. inflation reinforced rate-pressure concerns for gold.

• Gold slipped as investors awaited U.S. September CPI, with elevated yields and a firm dollar weighing on non-yielding bullion.
• The report showed inflation at 3.7% year over year, above the 3.6% expectation; core CPI also exceeded forecasts.
• This backdrop may pressure gold miners broadly; XGD.TO was already down 2.30% at the October 13 close.