GDIG.L is trading 4.6% up today as mining and commodity-related stocks stabilize following a sharp selloff linked to U.S.–Iran geopolitical tensions.

  • The ETF, which tracks the S&P Global Mining Reduced Coal Index, is rebounding as markets digest the Middle East escalation and move past the initial volatility shock.
  • Investors are rotating back into cyclical and resource-linked exposures, signaling improving risk sentiment even as geopolitical risks remain elevated.
  • The recovery helps the fund regain ground lost during its July 8 decline, driven by a stabilization in broader commodity markets.