🟢 iShares Gold Trust is trading 3.1% up today as geopolitical risks and inflation concerns boost safe-haven demand

iShares Gold Trust is trading 3.1% higher today as bullion prices catch a bid amid escalating geopolitical risks and persistent inflation data.

• Geopolitical tensions following Iran-related escalations are driving investors back into gold as a safe-haven asset.
• Concerns over persistently high PPI and CPI inflation, alongside elevated energy costs, are providing significant support for bullion prices.
• The upward move helps the trust retrace a portion of its recent sharp slide triggered by interest rate and inflation-driven selloffs.