🔴 XGDG.L is trading 4.2% down today after gold fell on rising Fed hike expectations

XGDG.L is trading 4.2% down now at £5030.50 as gold extended its sell-off amid stronger September Federal Reserve rate-hike expectations.

• Reuters reported spot gold down 0.3% on September 1 at $4,437.10 per ounce; traders awaited U.S. labor data and monitored Middle East tensions.
• The GBP-hedged gold ETC followed weaker bullion and broader macro sentiment; no company-specific announcement was identified.
• The catalyst was commodity- and rates-driven, with geopolitical inflation concerns reinforcing the hawkish Fed outlook.