Gold Miners Go From Record Month to Washout in 21 Sessions
Nearly 92% of stocks in the VanEck Gold Miners ETF (GDX) now trade below their 50-day moving average. The share last ran this high in late July, just before miners posted a record month. The reading lands days before Wednesday’s Federal Reserve decision, with traders still pricing a possible rate hike this year. How Gold The post Gold Miners Go From Record Month to Washout in 21 Sessions appeared first on BeInCrypto.
Key Takeaways
- Nearly 92% of stocks in the VanEck Gold Miners ETF (GDX) now trade below their 50-day moving average.
- The share last ran this high in late July, just before miners posted a record month.
- The reading lands days before Wednesday’s Federal Reserve decision, with traders still pricing a possible rate hike this year.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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