Gold and Silver Mining ETFs Surge as Precious Metals Rally Accelerates
Yahoo Finance·2026-05-07 02:26
ETF Investing Tools Gold and silver mining ETFs staged an impressive rally on Wednesday, May 6, 2026, as a broad precious metals surge lifted funds tied to miners and bullion alike. The catalyst? A combination of a retreating U.S. dollar, reports of a potential U.S.-Iran ceasefire dampening crude oil prices, and persistent institutional demand for inflation hedges and safe-haven assets. Gold Miners Lead the Charge The VanEck Gold Miners ETF (GDX) climbed nearly 8% in midday trading, with the fund reac ...