IS0E.DE is trading at €30.98 (+3.04%) as gold producers benefit from a stronger sector backdrop and heightened geopolitical risks.
- Renewed tensions in the Middle East, specifically around the Strait of Hormuz, are driving safe-haven demand and lifting precious-metals miners.
- The ETF, positioned within the Basic Materials sector, is also seeing support from rising oil-price pressure and a generally firmer tone in broad premarket trading.