First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/08/21/gold-miners-pain-may-be-bullion-investors-gain-002804
<p><img src='https://www.moneymetals.com/uploads/content/gold-miners-pain-may-be-bullion-investors-gain-social.jpg'/></p>Despite the ongoing summer slump in precious metals markets, gold prices are still up close to 5% for the year. While not much to boast about in itself, a modest gain is infinitely better than a loss – which is what holders of gold mining stocks are taking. The flagship VanEck Gold Miners ETF (GDX), which holds a basket of majors including Newmont, Barrick, and Agnico Eagle, is down 4% year to date.