Commodities
GDX ETF: Gold Miners' Recent Pullback Tests Long-Term Gains
The VanEck Gold Miners ETF (ASX: GDX) provides Australians with exposure to the world's largest gold-mining companies through a single ASX trade.
Gold miners are a leveraged play on the gold price, meaning their profits can rise faster than bullion when prices increase. However, this also means losses can be amplified if gold falls.
In September 2026, with gold trading at historically elevated levels but miners having retraced from their early-year peak, GDX has been in focus due to its unique characteristics and recent pullback.