Goldman Sachs Physical Gold ETF is trading 3% up today as spot gold prices jump following a tentative U.S.–Iran peace agreement that is reshaping global inflation and rate expectations.
- The deal to reopen the Strait of Hormuz has driven oil prices sharply lower while boosting demand for gold as investors recalibrate geopolitical and monetary risks.
- Spot gold is reportedly up around 2%, providing a direct tailwind to this physical-gold-linked ETF.
- Broader market futures are trending higher as the market digests the impact of the diplomatic breakthrough on the macro landscape.