IGLN.L is trading 4.32% down at $84.61 after hawkish Federal Reserve Chair Kevin Warsh commentary increased expectations for a September rate hike, weighing on gold prices.
- Bullion fell as much as 1.2% toward approximately $4,400 an ounce as higher expected rates, stronger yields, and geopolitical inflation concerns pressured precious metals.
- Gold-backed ETCs weakened as bullion prices declined.
- Broader risk-off sentiment and higher yields added pressure; the market was closed after the September 1 session.