🔴 GLD.BA is trading 3.1% down today as Fed hike expectations strengthen

GLD.BA is trading 3.1% down now at ARS 12640.00 as gold weakened amid stronger Federal Reserve rate-hike expectations.

• Firmer U.S. dollar and elevated Treasury yields reduced gold’s appeal.
• Gold fell 2.7% on September 1 as U.S.-Iran tensions lifted oil prices and revived inflation concerns; broader equities opened modestly higher.
• The move appears global, not company-specific; no GLD.BA announcement identified. Recent declines: 3.03% on August 28 and 0.68% on August 31.