🔴 Global Gold ETF (XGD.TO) is trading 3.05% down on August 13, 2026 as PPI pressures gold

XGD.TO is trading at CA$54.37 (-3.05%) as gold slips on firmer core PPI pressure and a steady dollar.

• Spot gold is near $4,393.90, down 0.31%, after initially rallying; softer headline PPI offset core pressure.
• Gold miners amplify bullion’s decline because mining equities have operating-cost and earnings leverage to gold prices. XGD’s major holdings include Newmont, Agnico Eagle, Barrick, Wheaton Precious Metals, and Franco-Nevada.
• U.S. equities are generally higher, making a gold-sector-specific retreat the clearest explanation; the August 13, 2026 PPI release showed headline prices unchanged.