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VanEck Gold Miners UCITS ETF (GDX)

London
Currency in USD
Disclaimer
37.99
+0.93(+2.51%)
Closed

GDX Comments

The VanEck Vectors Gold Miners ETF offers exposure to the world's leading gold miners and is cheap from a historical perspective based on current gold prices. While short-term interest rates are likely to continue rising as the Fed remains focused on high inflation, the bond market is increasingly pricing in subsequent interest rate cuts. 10-year inflation-linked bond yields have fallen by almost a full percentage point since their peak in mid-June, which is positive for gold prices. If gold prices recover, there is every chance that the GDX will not only rise but outperform gold itself as has been the case historically.
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