An exchange traded fund (ETF) that holds small-cap gold miner stocks was up more than 2% Thursday afternoon, tracking the move higher in gold and other metals.
Market Vectors Junior Gold Miners (NYSEArca: GDXJ) added 2.6% in recent trades. Market Vectors Gold Miners ETF (NYSEArca: GDX) rose more than 1%.
Gold futures were trading above $1,470 an ounce on Thursday following a weak jobless-claims report. SPDR Gold Shares (NYSEArca: GLD) was also up more than 1%.
Yet silver was the better performer on Thursday as an ETF that invests in the metal jumped nearly 3% at last check. Global X Silver Miners ETF (NYSEArca: SIL) rose fractionally.
Market Vectors Gold Miners ETF
For full disclosure, Tom Lydon’s clients own GDXJ, GLD and SLV.
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