XGD.TO is trading at CA$55.93, down 5.28%, as higher oil prices and rate-hike fears weighed on gold miners. - Spot gold fell more than 2% in Monday trading as higher oil prices revived inflation fears and expectations of further Federal Reserve rate hikes. - Oil rose after Iran’s proposal to reopen the Strait of Hormuz was rejected; Treasury yields climbed, pressuring precious metals. - Gold miners can amplify bullion moves; current volume data was unavailable.