GDX ETF

GDX is an exchange-traded fund (ETF) that invests in stocks of companies involved in gold mining. It provides investors with exposure to the gold mining industry without needing to buy individual stocks. As the price of gold fluctuates, GDX’s value tends to move in tandem, making it a way to potentially profit from gold market trends. It offers diversification across multiple miners, reducing the risk associated with investing in a single company. GDX is popular among investors looking to gain indirect exposure to gold prices or to hedge other investments.