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Why Gold Miners ETFs Can Shine in 2024

From etftrends.com

Gold’s recent ascent to record highs is having the predictable though still important impact of lifting shares of the companies that mine the yellow metal. For example, the VanEck Gold Miners ETF (GDX) and the VanEck Junior Gold Miners ETF (GDXJ) are both higher by 10.52% over the past month. With inflation still a concern in some parts of the developed world and with the Federal Reserve potentially eyeing multiple interest rate cuts in 2024, gold could build on its 2023 bullishness, perhaps lifting the VanEck exchange traded funds in the process. Interestingly, history suggests that economic soft landings, which is ... (full story)

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  • Category: Fundamental Analysis