🔴 XGD.TO is trading 3.4% down today as gold miners underperform the metal amid broader market weakness

XGD.TO is trading at $47.85 (-3.41%) as gold-mining equities sell off more sharply than physical bullion.

• The decline is driven by sector-wide weakness rather than company-specific catalysts, as the ETF tracks the gold-miner index rather than physical gold prices.
• Broader market pressure from a declining NASDAQ and S&P 500 is further weighing on risk assets and cyclical sectors.