Gold bullion and precious metals miners exchange traded funds are clawing back from a recent sell-off, surging on Tuesday as more traders grow skeptical of a Federal Reserve interest rate hike anytime soon.

Leading the charge on Tuesday, the PureFunds Junior Silver Miners ETF (NYSEArca: SILJ) jumped 7.6%, Sprott Junior Gold Miners ETF (NYSEArca: SGDJ) increased 5.8% and VanEck Vectors Gold Miners ETF (NYSEArca: GDXJ) advanced 5.8%. The funds are now positive for the past week, with SILJ up 0.3%, SGDJ up 2.7% and GDXJ up 2.6%.

More aggressive traders capitalized on the move with leveraged miner ETFs. For instance, the Direxion Daily Gold Miners Bull 3X Shares (NYSEArca: NUGT) rose 13.7% and ProShares Ultra Gold Miners (NYSEArca: GDXX) gained 8.9%.

Meanwhile, the Global X Silver Miners ETF (NYSEArca: SIL) was up 5.0% and VanEck Vectors Gold Miners ETF (NYSEArca: GDX) was 4.6% higher. Additionally, the SPDR Gold Shares (NYSEArca: GLD) rose 1.8% as Comex gold futures added 2.0% to $1,352.9 per ounce, and the iShares Silver Trust (NYSEArca: SLV) climbed 3.5% as Comex silver futures added 4.1% to $20.15 per ounce.

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A combination of a weaker dollar and diminished outlook for a Fed rate hike helped gold prices rise to their highest level in over a week on Tuesday.

The market “is likely to remain firm for the next few weeks,” James Steel, a strategist at HSBC, told the Wall Street Journal. However, “the market does believe that rate rises are coming eventually, and that there will be price resistance as we move higher.”

Gold assets continued their advance Tuesday after Friday’s lower-than-expected employment data for August, which bolstered expectations that the Fed would push off on a September rate hike.

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