The Gold Miners ETF (GDX) has 95% of its component stocks entering a bear market, with a cumulative decline of 25% over the past four weeks.

GateNews

2026-03-29 00:32:56

Gate News message: On March 29, about 95% of the holdings in the Gold Miners ETF (GDX, VanEck Gold Miners ETF) have entered a bear market—the highest proportion since 2023. Over the past 4 weeks, the cumulative decline has been 25%. During this selloff, the U.S. dollar strengthened; declines in equities triggered forced margin calls and liquidation; and the Iran war pushed up mining operating costs. Spot gold prices remain near historical highs, and gold-mining stocks have diverged from gold prices.

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