iShares Gold Bullion ETF (CAD-Hedged) is trading 3.1% up today, reversing part of the prior session’s inflation-driven selloff as bullion prices rebound on safe-haven demand.
- Escalating conflict with Iran and the closure of the Strait of Hormuz are driving investors toward gold as a protective asset.
- A jump in energy-driven inflation is boosting the metal's appeal, even as the market remains focused on higher yields and central-bank tightening expectations.