🔴 iShares S&P/TSX Global Gold Index ETF is trading 3.8% down today as gold miners pull back amid shifting safe-haven flows

iShares S&P/TSX Global Gold Index ETF is trading 3.8% down today, giving back much of last week’s strength as gold-mining shares face a broad pullback.

• Geopolitical tensions surrounding the U.S.–Iran conflict have pushed investors toward cash and away from risk-sensitive mining equities.
• Mixed macroeconomic data and record-high U.S. equities are tempering demand for gold-linked assets and shifting safe-haven flows.
• The decline marks a significant reversal after recent gains, tracking a sector-wide move away from bullion-related instruments.