🔴 XGD.TO is trading 3.24% down today amid a risk-off shift and gold miner underperformance

XGD.TO is trading down 3.24% at the July 8, 2026 close as a risk-off shift in global equities pressures precious metals miners.

• The decline follows a 3.39% drop on July 7, marking a sharp two-day sell-off for the ETF tracking the S&P/TSX Global Gold Index.
• Investors are reacting to heightened geopolitical tensions and awaiting key Fed communications, which has pressured high-beta sectors like gold mining.
• Gold-mining equities are currently underperforming the underlying metal, reflecting broader selling pressure on cyclical assets and equity-based precious metals exposure.