GDX Stock Recent News
GDX LATEST HEADLINES
A significant market event is capturing global investor attention as gold prices climb to historic levels, trading decisively above $3,500 an ounce. This new gold rush has prompted many to seek effective ways to participate in the rally.
RomanR / Shutterstock.com For one, gold is pushing higher after a U.S.
VanEck is set to ditch the long-standing index underlying its gold miners ETF for an alternative provided by subsidiary MarketVector Indexes.
GDX offers leveraged exposure to gold prices, outperforming physical gold ETFs due to operational leverage and strong mining margins amid global uncertainty. Political instability, de-dollarization, and potential rate cuts create a supportive macro backdrop for gold miners, driving demand and record central bank gold buying. GDX provides diversified, income-generating exposure to global miners trading at attractive valuations, with upside from buybacks, dividends, and reserve growth.
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The lag between miners' profits and gold prices is narrowing, judging by the updated financials reported by leading stocks in GDX. Recent earnings show leading miners like NEM and AEM have rising margins and asset turnover, reflecting successful investments and easing cost pressures. For IAU, I expect central bank demand to support higher gold prices.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
GDX hit a 52-week high, fueled by gold???s global demand surge and signs that its momentum may not be over yet.