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GDX tracks a market-cap-weighted index of global gold-mining firms.
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Seeking AlphaMay 23
Disappointment In The Gold Market
Gold is a safe haven asset that market participants tend to flock to during periods of fear, uncertainty, and inflation. The yellow metal is both a commodity and a financial asset, making it unique. Along with its many industrial and ornamental uses, gold serves as an asset for countries around the world that hold the metal as part of their foreign currency reserves. Not only do central banks, governments, and monetary authorities hold gold, but they have been net buyers of the precious metal over the past ...
Seeking AlphaMay 21