Markets· August 16, 2026 at 02:21 p.m.
Gold Miners ETF Surges to Decade-High Levels as Gold Breaks $4,400
Key takeaways
- GDX has reached decade-high levels
- Newmont posted a record $2.2B in Q2 free cash flow
- Agnico generated $1.3B in Q2 free cash flow
The VanEck Gold Miners ETF (NYSEARCA:GDX) has surged nearly 18% over the past month and 53% over the last year, reaching levels not seen in over a decade, as gold broke through $4,400. The fund's performance is driven by strong financial results from major miners such as Newmont and Agnico Eagle Mines.
