Goldman Sachs Physical Gold ETF is trading at $41.53 (+3.21%) as gold prices rally following hotter-than-expected inflation data and rising geopolitical tensions.
- Gold-linked ETFs are seeing increased demand as May PPI data fueled rising inflation expectations.
- Escalating Middle East conflict and fears of energy disruption are supporting defensive demand for bullion.
- As a physical gold tracker, the fund is moving in tandem with spot prices rather than equity-specific catalysts.