iShares Gold Trust Micro is trading 3.6% higher today as investors react to a tentative U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.
- The diplomatic breakthrough has driven oil prices lower and eased global inflation concerns, fostering a broad risk-on environment across major indices.
- Despite the shift toward riskier assets, gold remains well-supported as a geopolitical hedge and benefits from firmer precious-metals sentiment.
- The ETF is moving in tandem with broader market gains as falling energy costs provide a significant tailwind for investor sentiment.