🔴 Gold Miners ETF (AEME.TO) is trading 3.25% down today after elevated yields pressured gold

AEME.TO is trading at CA$13.10 (-3.25%) as elevated yields reduced demand for non-interest-bearing gold.

• Renewed U.S.-Iran fighting pushed Brent crude above $90, intensifying inflation concerns.
• Gold fell 0.3% on August 31 after dropping more than 3% on August 28, directly pressuring gold-mining equities and AEME.TO.
• The decline extends sector weakness after Federal Reserve Chair Kevin Warsh’s hawkish August 28 comments increased expectations for a September rate hike.