🔴 Gold Miners ETF (XGD.TO) is trading 3.67% down on October 22, 2026, as gold falls

XGD.TO is trading at CA$52.28, down -3.67%, as gold weakness and higher-for-longer rate expectations pressure miners.

• Gold fell more than 1% as surging oil amid Middle East tensions stoked inflation concerns and higher-for-longer rate expectations, weighing on non-yielding bullion; Canadian market coverage reported gold down about 2% intraday.
• XGD tracks global gold miners, with large weights in Newmont, Agnico Eagle and Barrick; broader market weakness may add to risk aversion.