On June 10, iShares Gold Trust ETF fell 3.22% in regular trading, trading at $77.6/share, with trading volume of $251 million.

On the news front, international spot gold broke below the $4,200/oz level, touching below $4,150 intraday with a daily decline exceeding 2.6%, marking the lowest since March 23 and a roughly 25% retreat from the historical high near $5,600/oz set in late January. Analysts attribute the accelerating selloff to a convergence of bearish factors: warming Fed rate hike expectations driven by resilient US economic data, rising US Treasury yields and a stronger USD index pushing up gold holding costs, and a breakdown in traditional geopolitical safe-haven transmission as Middle East tensions fuel inflation expectations that reinforce tightening pressure rather than supporting gold.

The Trust seeks to reflect the performance of the price of gold before payment of expenses and liabilities. It is not actively managed and is intended to constitute a simple and cost-effective means of making an investment similar to an investment in physical gold.

(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.)