IAUM is trading at $44.77 (+3.36%) as gold rebounds after Treasury yields eased from recent highs, lowering non-interest-bearing bullion’s opportunity cost.
- Safe-haven demand amid unresolved U.S.-Iran tensions and Strait of Hormuz supply risks supports gold.
- Investors await the 2:00 p.m. FOMC minutes, which could intensify rate and dollar volatility.
- The move appears primarily commodity- and macro-driven; major U.S. indices are only modestly higher, while gold rebounded after falling nearly 2% on August 18.