VanEck Gold Miners ETF Price & Performance (GDX)

The VanEck Gold Miners ETF (GDX) continues to show strong upward momentum, with technical analysis pointing to further gains. Multiple moving averages and oscillators indicate a "buy" signal, while the ETF's price remains above key support levels. Investors are watching for additional upside as gold prices remain elevated.12

Gold and gold-mining stocks have outperformed major asset classes in 2025, driven by robust central bank buying and ongoing trade disputes. Gold recently topped $3,500 per ounce, with gold miners outperforming the metal itself. Progress in tariff negotiations has momentarily paused the rally, but investor interest remains strong.34

Amid escalating tariffs and economic uncertainty, the VanEck Gold Miners ETF (GDX) has significantly outperformed the S&P 500, gaining 45% since June lows. As investors seek safe-haven assets, gold miners are benefiting from higher margins and strong earnings growth, positioning GDX as a key defensive play in volatile markets.56