Gold ETF Rises 1% as Precious Metals Funds Outperform S&P on Iran Tensions
GLD•SPDR Gold Trust jumped 1.0% on July 10, surpassing the S&P 500’s 0.81% gain after major precious metals ETFs outpaced equities over the past 12 months. Rising Iran-related geopolitical tensions have intensified inflows into gold as investors seek safe-haven exposure.
1. Precious Metals ETFs Outpace Equities
On July 10, SPDR Gold Trust rose 1.0% while major precious metals ETFs collectively outperformed the S&P 500, which gained 0.81%. Over the last 12 months, flagship metal-focused funds have surpassed the S&P 500’s roughly 12% return, reflecting robust investor interest in commodity exposure.
2. Geopolitical Risk Spurs Safe-Haven Flows
Escalating tensions involving Iran have driven a surge in demand for gold ETFs as a defensive hedge. Market participants increased allocations to metal strategies in anticipation of potential supply disruptions and heightened volatility in global financial markets.
