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GDXBullishResearch Analysisnews
High materiality8/10

Gold miners historic underperformance could soon start to improve, UBS says - MarketWatch

Sep 18, 2024, 8:41 AM EDT1 sourcesAI-analyzed

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GDX has underperformed gold by 30% since COVID-19. Gold prices reached $2,600 per ounce in 2024. UBS analysts see potential for GDX improvement. Gold miners potentially attractive hedges against inflation. Mining companies need consistent results to rebuild trust.

  • GDX has underperformed gold by 30% since COVID-19.
  • Gold prices reached $2,600 per ounce in 2024.
  • UBS analysts see potential for GDX improvement.
  • Gold miners potentially attractive hedges against inflation.
  • Mining companies need consistent results to rebuild trust.

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