Tanzanian Royalty Exploration is trading 6.6% lower at $1.23, amid weaker gold and broader macro headwinds.
- No company-specific announcement explaining the decline was identified.
- Gold fell more than 2% on September 28 as rising oil prices heightened inflation concerns and strengthened expectations of further Federal Reserve rate hikes.
- The move is consistent with pressure on gold-related shares amid weaker bullion and broader risk-off sentiment; the provided sector context also reports materials weakness.