ETLX.DE is trading 3.4% higher as geopolitical risks in the Middle East flare, driving a broad bid into precious-metal miners.
- Renewed attacks near the Strait of Hormuz and drone strikes on a U.S. base in Kuwait have significantly lifted risk hedging demand.
- Gold-related equities are benefiting as investors seek safety, providing support for gold miners and their ETFs.
- The sector rally is occurring alongside firm global equity sentiment, further bolstering the performance of precious-metal assets.