🟢 Gold Producers ETF (IS0E.DE) is trading 3% up as gold rises on U.S.-Iran hostilities

IS0E.DE is trading at €40.02 (+3.04%) as gold’s safe-haven rally supports gold-mining equities.

• Gold rose 2.90% to $4,447.96 per ounce on September 3, supporting gold-mining equities.
• Escalating U.S.-Iran hostilities and strikes across Gulf facilities increased demand for defensive assets and raised supply-risk concerns.
• The move is sector-wide: higher bullion prices improve miners’ revenue and margin expectations, despite elevated Treasury yields creating an offsetting headwind.