🔴 Gold Miners ETF (XGD.TO) is trading 3.34% down as gold’s selloff pressures miners

XGD.TO is trading at CA$49.71, down 3.34%, as gold’s continued selloff pressures gold-mining shares.

• Rising oil prices have revived inflation fears and expectations of restrictive Federal Reserve policy.
• A firmer U.S. dollar and Treasury yields are adding pressure to non-yielding bullion, while Middle East tensions are driving the oil surge.
• The move fits a broader retreat in mining shares amid gold’s sharp weekly drop.