abrdn Physical Gold Shares ETF is trading 3.6% up today as gold prices rebound following a tentative 60-day U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.
- The geopolitical breakthrough has pushed crude oil prices sharply lower, significantly moderating energy-driven inflation concerns and expectations for future interest rate hikes.
- Easing inflation fears have reduced real-yield pressure on gold, providing a strong tailwind for physical gold prices and gold-backed ETFs.
- The broad risk-on sentiment following the peace agreement has stabilized the macro environment, supporting the rebound in early trading on June 15, 2026.