The war in Iran and ongoing political uncertainty have buoyed commodities ETFs broadly, though oil has experienced the biggest rise.
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Broad-market index funds were nearly flat Monday, while gold and defense ETFs were up. All that changed a day later.
ETF investors may seek asset classes they view as safer in a volatile era. One issuer filed for a Venezuela Exposure ETF.
Investors have been piling into gold ETFs amid uncertainty exacerbated by the government shutdown and the dollar’s declining status.
Not since the pandemic have US gold ETFs seen such demand, with geopolitical and economic uncertainty driving people to the safe-haven asset.