🟢 Gold Mining ETF (ETLX.DE) is trading 3.28% up today as gold remains above $4,500

ETLX.DE is trading at €112.26, up 3.28%, as gold remains above $4,500 after the U.S. Treasury announced at least doubling long-dated bond buybacks to $4 billion per operation.

• Lower long-term Treasury yields and a weaker dollar improved gold’s appeal.
• Gold miners are amplifying bullion’s advance; Asian miners posted strong gains on August 20-21.
• The move is primarily a global macro and precious-metals-sector rally, supporting expected mining margins and the Global Gold Miners Index tracked by ETLX.DE, rather than an ETF-specific development.