IS0E.DE is trading at €40.74, up 3.07%, as gold remains above $4,500 and approaches a three-month high.
- Spot gold was up 0.4% at $4,537.41 on August 21, supported by a weaker dollar and the U.S. Treasury’s decision to double long-dated bond buybacks to at least $4 billion per operation.
- Continued leverage in gold-mining shares is benefiting the ETF; the shares significantly outperformed bullion during August. Broader risk aversion, geopolitical tensions, and U.S. debt concerns support safe-haven demand.