IGLN.L is trading at $85.71 (-3.07%) as Fed Chair Kevin Warsh’s hawkish inflation stance increased rate-hike expectations for September.
- Gold fell, with bullion down as much as 1.2% to approximately $4,400 an ounce, extending pressure on gold-backed ETCs.
- U.S.-Iran tensions and a stronger dollar added to broader risk and precious-metals weakness.
- No company-specific announcement involving iShares Physical Gold ETC was identified; the move appears primarily linked to gold’s decline and macroeconomic conditions rather than an issuer event.