🟢 Commodities Focused ETF (GLDM) is trading 3.36% up as gold rebounds

GLDM is trading at $88.86 (+3.36%) as gold rebounds after falling nearly 2% on August 18.

• Lower Treasury yields and a weaker U.S. dollar supported bullion as investors positioned ahead of the Federal Reserve’s 2:00 p.m. ET meeting-minutes release.
• Persistent U.S.-Iran tensions and unresolved Strait of Hormuz risks are sustaining demand for defensive assets.
• Elevated yields and oil-driven inflation remain headwinds.