🟢 iShares Gold Bullion ETF (CAD-Hedged) is trading 3.6% up today on U.S.–Iran peace agreement and falling oil prices

iShares Gold Bullion ETF (CAD-Hedged) is trading 3.6% higher at CA$33.29 following the announcement of a 60-day U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.

• The geopolitical breakthrough has sent crude oil prices down more than 4%, significantly easing global inflation and interest rate hike fears.
• The fund, which tracks CAD-hedged physical gold, rose from its previous close of CA$32.14 as gold and related ETFs benefit from a broad risk-on rally across equity markets.