🟢 Gold Miners ETF (XGD.TO) is trading 3.15% up as dip buyers return to gold

XGD.TO is trading at CA$49.93, up +3.15%, as gold rebounded from a one-year low after dip buyers returned following Friday’s sharp selloff.

• Falling oil prices eased inflation concerns and tempered expectations of prolonged high interest rates, supporting bullion.
• Hopes for U.S.–Iran diplomacy and a weaker dollar also helped gold recover, lifting the gold-miner sector.