IS0E.DE is trading at €38.38, up +7.49%, supported by gold’s sharp recovery and broad gold-mining rally.
- On August 19, the U.S. Treasury announced at least doubling long-term bond buybacks to $4 billion per operation, pushing the 30-year yield down roughly 10 basis points to 5.19% and weakening the dollar.
- Lower yields and a weaker dollar helped spot gold rise more than 4%, improving miners’ earnings outlook after the August 18 selloff; the primarily sector-driven move eased bond-market stress and strengthened demand for defensive hard assets.