abrdn Physical Gold Shares ETF is trading 3.3% up today as investors rotate back into safe-haven assets following a sharp selloff tied to hotter-than-expected May CPI data.
- Heightened tensions in the Middle East and escalating conflict around Iran are lifting energy prices and reinforcing demand for gold as a geopolitical and inflation hedge.
- Today's advance marks a recovery from oversold conditions as traders reassess Federal Reserve interest rate risks amid persistent inflation and global instability.