🟢 Gold Mining ETF (ETLX.DE) is trading 3.1% up as gold rises ahead of U.S. CPI

ETLX.DE is trading at €102.00 (+3.07%), benefiting from renewed gold strength ahead of the August 12 CPI report.

• Gold rose nearly 0.9% to $4,406.34 per ounce as investors reduced expectations of near-term Federal Reserve tightening and positioned ahead of the report.
• Safe-haven demand from Middle East tensions and a weaker dollar supported gold, which remained near a more-than-two-month high.
• Sector-wide precious-metals gains likely explain the ETF’s move better than broader equities.