The US, Iran, and Israel have temporarily agreed to a ceasefire, while the Wealth Nation (518680) Gold ETF surged more than 2.5% during the trading session.

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April 8, driven by the U.S.-Iran truce under a temporary three-party agreement that helped halt fighting for now, the international spot gold price has returned to $4,800 per ounce. The Gold ETF from iShares? (518680) opened up 2.5%; as of the time of this release, its latest gain is 2.51%.

Research institutions believe that the current geopolitical situation in the Middle East may be moving into a critical window. Oil prices face a choice between upside and downside, and the focus of pricing in the gold market may shift toward assessing supply shocks. Rate-hike expectations that have already been priced in may need to be adjusted. Looking ahead, whether it’s an oil-price pullback after a downgrade in the geopolitical situation, a return of monetary policy toward a more accommodative direction, or supply shocks worsening recessionary pressure and highlighting the value of gold as a safe haven, there may be upside room for both gold investment demand and prices to rebound.

The Gold ETF from iShares? (518680) is a T+0 gold trading product. Its underlying tracks the Shanghai Gold benchmark quotation contract (SHAU). One unit corresponds to 1 gram of physical gold, making it clear and transparent to invest in, with low costs—suitable for both intraday trading opportunities and long-term allocation value.

Over-the-counter investors can also consider the linked fund (Class A 009504 / Class C 009505).

The Daily Economic News

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