GDX is trading at $76.27 (+3.86%) as gold miners catch a safe-haven bid amid surging oil prices and heightened geopolitical risks.
- Brent crude spikes and escalating U.S.–Iran tensions are driving Middle East instability, providing broad support for precious metals and mining shares.
- The move reflects a broader rotation out of riskier assets and into defensive exposures as macro stress continues to pressure cyclical sentiment.