GLD.BA is trading 2.13% down at $11490.00 as gold prices weaken amid firmer Federal Reserve rate hike expectations and a strengthening dollar.
- Gold fell 1.74% to 4,041.92 USD/t.oz, with bullion under pressure from shifting monetary policy expectations and easing oil prices.
- Market sentiment is also being shaped by optimism surrounding U.S.-Iran peace talks, which has reduced demand for safe-haven assets.
- The stock's movement appears to be tracking the broader decline in gold prices rather than any company-specific developments.