Step Aside, Mag 7—Gold Miner ETFs Are Taking Center Stage Now
Gold Mining ETFs Performance: The Themes Gold Miners ETF (AUMI) has reached a 52-week high, outperforming the Invesco QQQ Trust ETF (QQQ) by over 40% since July, with a year-to-date increase of 93%. Other ETFs like VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) have also shown significant gains, with GDX up 97.4% YTD and GDXJ over 100% YTD.
Market Influences on Gold: Gold prices are rising due to expectations of a Federal Reserve rate cut, lower Treasury yields, and geopolitical tensions. Goldman Sachs predicts gold could reach $5,000, which may further support the performance of gold miner ETFs as they gain traction over traditional tech stocks amid concerns about an "AI bubble."
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- Market Recovery: European stocks opened higher on Wednesday, with the pan-European Stoxx 600 index rising 1.4% as the U.S. reiterated efforts to de-escalate the war with Iran, reflecting optimism about reduced geopolitical risks.
- Sector Performance: All sectors except oil and gas saw gains, particularly in mining and real estate, with FTSE 100-listed Fresnillo and Hochschild Mining rising 3.5% and 4.8% respectively, indicating a rebound in investor confidence in these industries.
- Stable Inflation Data: The latest figures from the Office for National Statistics showed the U.K. inflation rate held steady at 3% in February, with core inflation rising to 3.2% from 3.1% in January, aligning with economists' expectations and demonstrating economic resilience.
- Trump's Negotiation Statement: President Trump stated that negotiations with Iran are ongoing and revealed a 15-point plan sent to Iran to end the war, which boosted market sentiment despite Iran's denial of direct talks.

Newmont's Performance: Newmont's stock has increased by 5.8%.
Sibanye Stillwater's Growth: Sibanye Stillwater's shares have risen by 5.7%.
Barrick Mining's Increase: Barrick Mining's stock has gone up by 4.9%.
Harmony Gold's Gains: Harmony Gold has experienced a 6.2% increase in its stock value.
Gold Miners' Shares Rise: Shares of gold mining companies have increased in value, reflecting positive market sentiment.
Gold Prices Gain: The price of gold has risen by 2%, contributing to the overall increase in gold miners' shares.
- Gold Price Increase: Spot gold prices rose by 2.56% to $4,588 per ounce, with futures also climbing over 4%, indicating a market response to easing inflation concerns.
- Oil Price Decline Impact: Following President Trump's comments about U.S.-Iran negotiations, Brent crude futures fell around 6% to $98.31 per barrel, while West Texas Intermediate futures dropped approximately 5%, reflecting market reactions to geopolitical developments.
- Market Volatility and Rate Expectations: Goldman Sachs noted that the recent pullback in gold prices aligns with historical trends, driven by rising interest rate expectations and market volatility, which have particularly affected gold-backed ETF demand.
- Long-term Bullish Outlook: Despite the recent price correction, Goldman maintains a bullish outlook for gold, forecasting prices to reach $5,400 per ounce by year-end, supported by ongoing central bank purchases as countries seek safer asset diversification.






