GDX is trading 6.2% up today as gold prices extend a multi-day advance and rate-hike expectations soften amid progress on a Strait of Hormuz reopening deal.
- Broader materials sector strength, supported by surging copper prices and upbeat industrial earnings, is adding to risk-on sentiment and lifting gold-exposed miners.
- The ETF is benefiting from a combination of higher bullion prices, easing macroeconomic fears, and sector-wide momentum.