🟢 GDX is trading 3.02% up today as gold miners track materials sector strength and broader risk-on flows

GDX is trading at $78.35 (+3.02%) as gold miners track a stronger materials sector and broader risk-on flows.

• The materials sector is up 1.52% as commodities and cyclicals catch a bid.
• Broader market sentiment is supported by easing geopolitical fears and lower inflation pressure from softer energy prices.
• No company-specific catalyst is driving the basket today, with gains largely attributed to macro-driven sector rotation.