Why Is SPDR Gold Shares ( $GLD ) ETF Down -3.38% Today? (Find out why any stock moved today on Tickeron.) GLD fell 3.38% to $380.11, down from a prior close of $393.41, as gold prices slid to a seven-week low. Surviving oil prices were the primary catalyst, fu

Why Is SPDR Gold Shares ( $GLD ) ETF Down -3.38% Today? (Find out why any stock moved today on Tickeron.) GLD fell 3.38% to $380.11, down from a prior close of $393.41, as gold prices slid to a seven-week low. Surviving oil prices were the primary catalyst, fueling inflation fears that strengthened the case for further Federal Reserve rate hikes. Rising Treasury yields and a firmer U.S. dollar compounded the decline by raising the opportunity cost of holding non-yielding bullion. Markets now price roughly a 70% probability of another Fed rate increase in October, according to CME FedWatch. $IAU $GLDM $SGOL $AAAU $IAUM