Goldman Sachs Physical Gold ETF is trading 3.5% up today as gold prices jump following a tentative U.S.–Iran peace agreement that eases Middle East tensions and reopens the Strait of Hormuz.
- Restored shipping routes have led to lower oil prices, which are cooling inflation expectations and shifting interest rate outlooks.
- Shifting macro conditions are boosting demand for gold as a portfolio hedge, lifting gold-linked ETFs alongside a broader risk-on rally in global equities.