🔴 Gold Mining ETF (ETLX.DE) is trading 3.6% down today despite gold gaining roughly 2%

ETLX.DE is trading at €107.08 (-3.55%), with the decline appearing driven by profit-taking, technical selling, or a delayed exchange-price adjustment rather than weakness in bullion.

• Gold gained roughly 2% on September 3 after Fed Governor Christopher Waller reduced expectations for an immediate rate hike.
• Gold remained near $4,500 on September 4 as markets awaited U.S. payrolls data.
• Broader geopolitical risk and easier Fed expectations remain supportive for gold miners, but ETLX.DE diverges from its underlying sector catalyst.