On September 28, Wheaton Precious Metals fell 4.35% in regular trading, trading at $136.605 per share, with turnover of $127 million. The decline was driven by a sharp rise in rate hike expectations and a concurrent plunge in gold prices that pressured the entire precious metals mining sector.

According to CME data, the market is now pricing a 69.7% probability of a 25-basis-point rate hike at the October meeting, with a 54.8% probability of a cumulative 50-basis-point hike by December. The hawkish shift in monetary policy expectations significantly weighed on gold prices, sending ripple effects through streaming and mining equities.

Within the Gold sector, the selloff was broad-based. Among individual stocks, ANGLOGOLD ASHANTI PLC fell 6.09%, Coeur Mining fell 5.78%, Agnico Eagle Mines fell 4.88%, Newmont Mining fell 4.41%, and Barrick Mining fell 4.31%.

Wheaton Precious Metals is a precious metals streaming company headquartered in Vancouver, Canada, generating revenue primarily from selling gold, silver, palladium, and cobalt acquired through purchase agreements with mines worldwide.

(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.)