Global X Uranium ETF is trading higher at $47.46 (up 4.3%) in pre-market action as a tentative U.S.–Iran peace agreement sparks a broad global risk-on rally.
- The geopolitical breakthrough has eased global energy and inflation fears, boosting equities and rate-sensitive assets across the board.
- Improved sentiment toward nuclear energy as a strategic energy-security play, alongside firm uranium prices and gains in the Sprott Physical Uranium Trust, is providing an additional tailwind to the sector.