Gold miners ETF pops 20%, as gold on track for best rise in 3 months

A popular way to bet on gold miners was trading more than 20% higher on Monday, putting it on track for its best daily jump since Jan. 31. The surge in the VanEck Vectors Gold Miners ETF comes as gold futures are on track to hit their highest level in nearly three months, according to FactSet data. Gold futures [s:GCJ7] were up $9.40, or 0.8%, at $1,230.10 an ounce late-morning Monday and looking at their best settlement since Nov. 10. Although the S&P 500 index and the Dow Jones Industrial Average have been mostly rising in the wake of President Donald Trump’s very early tenure, gold also has been demonstrating some staying power as concerns about the health of the European economy, a pick up in inflation and anxiety about the U.S. trade and immigration policies

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From:: Stock Market News

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