Xetra-Gold is trading 3.6% down at $116.43 following a weak gold tape and a broad risk-off move across global markets.
- Gold futures dropped 1.24% overnight as investors de-risked across Asian and European sessions, with U.S. equity futures also trending lower ahead of key CPI data.
- The downward move appears tied to macro positioning and underlying gold price action rather than any company-specific catalyst or fund event.