GLD is trading 3.5% up today on optimism over U.S.-Iran ceasefire negotiations and a significant energy deal claimed by President Trump.
- Middle East tensions have eased following the postponement of strikes on Iranian infrastructure, signaling a shift toward diplomatic de-escalation.
- A softening U.S. dollar and declining oil prices are providing additional tailwinds for gold as a safe-haven asset amid broader market gains.
- Spot gold prices have surged over 2% today as markets react to the prospect of a regional peace agreement and increased stability.