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VanEck Gold Miners ETF offers a buy opportunity after 20% dip amid strong gold miner profits.

Market News
07 Apr 2026
Seeking Alpha
View Source
Bullish
pluang ai news

The VanEck Gold Miners ETF (GDX) has dropped about 20% from its all-time high of $117.18 reached in early March, now trading near $94. Despite this correction, gold miners remain highly profitable, generating around $3,000 per ounce, supported by factors like central bank gold buying, de-dollarization, and potential global interest rate cuts. Market data shows bullish sentiment with limited downside protection, although risks include falling gold prices and rising energy costs. Overall, structural drivers and margin growth support a positive long-term outlook for GDX.

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