XGD.TO is trading 3% higher today as investors rotate back into precious metals and gold-mining shares amid easing geopolitical fears and a stabilizing macro backdrop.
- The rebound in gold prices and global gold-miner shares is lifting the entire gold-mining complex following recent weakness.
- With no major economic data scheduled, the move is primarily driven by renewed sector interest in gold as a defensive and diversification play.
- Broader equity markets are trading modestly higher, supporting the overall positive sentiment in the sector.