🔴 Gold Mining ETF (ETLX.DE) is trading 3.84% down as bullion slips below $4,400

ETLX.DE is trading at €96.81, down -3.84% as gold pulls back after Wednesday’s CPI-driven rally.

• Bullion has slipped below $4,400 as traders cautiously reassess the near-term rate outlook ahead of July PPI.
• Broad weakness in Agnico Eagle, AngloGold Ashanti, Newmont, Gold Fields, and Kinross is amplifying the ETF’s decline.
• Lower Treasury yields and expectations for a Federal Reserve hold remain supportive, but profit-taking is dominating August 13 trading.