On September 28, Gold Trust Ishares fell 3.15% in pre-market trading, trading at $78.07/share, with turnover of approximately $80,300.

On the news front, spot gold broke below the $4,200/oz level for the first time since August 5, plunging over 2% intraday to around $4,190. The selloff was driven by intensifying Fed hawkish expectations, with the probability of a 25-basis-point rate hike in October surging to as high as 64.8% according to CME data. The U.S. dollar index climbed for a fifth consecutive session to near 101.30, approaching a three-month peak, while rising oil prices reinforced inflation concerns and further strengthened the case for continued tightening. The world's largest gold ETF saw holdings decrease by 2.281 tonnes, signaling synchronized capital outflows. Gold mining stocks also sold off broadly, with major names declining between 3% and 9%. Analysts noted that while gold may see a near-term corrective bounce after the rate hike repricing is fully absorbed, consecutive tightening expectations continue to cap upside potential. The spot price remains below its 100-day moving average near $4,310, which now acts as initial resistance.

Gold Trust Ishares seeks to reflect the performance of the price of gold before payment of expenses and liabilities. It is not actively managed and does not engage in activities designed to profit from or ameliorate losses caused by changes in gold prices.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)