🔴 Gold Producers ETF (IS0E.DE) is trading 3.41% down as oil stokes inflation fears and pressures miners

IS0E.DE is trading at €32.83, down 3.41%, as sharply lower gold prices weigh on miners.

• Spot gold was reported near $4,026.56 an ounce, down 2.40% in early U.S. trading.
• Surging oil prices intensified inflation concerns and expectations of higher-for-longer Fed rates, while broader risk aversion amid Middle East tensions added pressure.
• Higher interest-rate expectations reduce the appeal of non-yielding bullion.