🔴 Gold Mining ETF (ETLX.DE) is trading 3.6% down today as gold slipped below $4,400

ETLX.DE is trading at €97.09 (-3.57%) as gold retreated below $4,400 after Thursday’s CPI-driven rally.

• July headline PPI was unchanged, while core PPI rose 0.4%, reviving inflation concerns and limiting gold’s upside.
• Spot gold fell 1.31% to $4,362.02, weighing on gold-mining shares; the decline reflects a sector-wide bullion pullback rather than an ETF-specific event.
• Softer jobless claims supported safe-haven demand, but profit-taking after the recent rally intensified selling pressure.