GDX is trading at $100.77 (+3.22%) as gold rebounds toward $4,427–$4,489 per ounce amid U.S.-Iran hostilities and safe-haven demand.
- Softer labor signals, lower Treasury yields, and Christopher Waller’s openness to holding rates steady ease pressure from real yields and the dollar.
- Gold was reported up approximately 2.28%–2.90% on September 3, 2026, providing leveraged support for mining equities.
- Higher bullion prices improve miner revenue and margins; strikes involving U.S. facilities in Kuwait and the United Arab Emirates reinforce geopolitical-risk demand.