🔴 XGDG.L is trading 4.1% down today as gold fell on September Fed hike expectations

XGDG.L is trading 4.1% down now at £5036 after gold extended its sell-off amid rising expectations for a September Federal Reserve rate hike.

• Reuters reported spot gold down 0.3% on September 1, while traders awaited U.S. labor data and assessed Middle East tensions.
• The ETC’s GBP hedge may also have amplified local pricing effects.
• No company-specific announcement was identified.