XGD.TO is trading at CA$51.14, down 3.04%, as weaker bullion and rate uncertainty weigh on gold-mining shares.

  • Bullion was reported down 0.91% on October 29. Higher rates and yields can weigh on non-yielding gold and pressure gold-mining shares.
  • The Fed held rates steady, but limited guidance and persistent inflation concerns kept rate-hike risks in focus.
  • Supplied market context reports September core PCE inflation at 3.1% annually; broader equity-market weakness may add pressure.