IAU is trading 3.29% higher in pre-market at $79.21 as gold prices rally amid shifting geopolitical risks and currency intervention in Japan.
- Gold demand is being driven by de-escalation in the Middle East around the Strait of Hormuz and broader risk-on sentiment.
- Steady-to-lower oil prices are reshaping inflation and safe-haven expectations, further supporting demand for bullion and gold-linked ETFs.