GLD.BA is trading 3.21% down at ARS 12,350.00 as rising oil prices heightened inflation concerns and rate-hike expectations.
- Reuters reported spot gold at $4,171.85 per ounce, down 2.7% at 0627 GMT on September 28; traders priced a 69% chance of an October U.S. rate hike.
- Higher yields also weighed on the non-yielding metal; the decline reflects broad macro pressures rather than a company-specific announcement.