Underlying Asset Performance: RSM.AU's price is directly influenced by the performance of the underlying resources sector companies it tracks. If these companies perform well, the ETF's price generally rises. Supply and Demand: General market supply and demand for the RSM.AU ETF also affects the price. Greater demand tends to increase prices, while excess supply can decrease them. Investor Sentiment: Positive or negative investor sentiment towards the Australian resources sector can drive buying or selling pressure, impacting the ETF's price. Global Commodity Prices: Fluctuations in global commodity prices (e.g., iron ore, coal) strongly influence the profitability of resource companies and therefore affect the ETF price. Currency Fluctuations: Exchange rate changes between the Australian dollar and other major currencies impact the value of resource exports and consequently, the ETF's price. Economic Conditions: Overall economic conditions, both domestic and global, can affect demand for resources and consequently influence the performance of resource companies in RSM.AU.