🔴 iShares S&P/TSX Global Gold Index ETF is trading 3.03% down today as gold stocks follow the Fed's hawkish hold

iShares S&P/TSX Global Gold Index ETF is trading at $51.78 (-3.03%) as gold miners face pressure from the Federal Reserve's hawkish policy outlook.

• The Federal Reserve held interest rates steady but signaled a more hawkish path for 2026, lifting the U.S. dollar and Treasury yields.
• This combination typically weighs on gold-related assets, causing gold equities to decline even as broader risk assets show mixed performance.
• The move aligns with a broader market shift toward expectations of fewer rate cuts, which has reduced support for precious metals.