Why I Still Bought Gold Mining Stocks

Anthony Tran • Posted 2 weeks ago

An ordinary person of humble background. In my salad days, I ventured into the sports journalism field, later navigating the fund industry, wielding the pen for investment, and eventually took on a research analyst role at a securities firm. Though being a Chartered Financial Analyst (CFA), studied cognitive science and journalism at university, and trained independently in triathlon and program trading, all these are but fleeting pursuits.

Gold prices have surged in 2025, driven by market volatility, tariff threats from the Trump administration, and fears of rising U.S. inflation amid slowing global growth. The SPDR Gold Trust (GLD), which tracks spot gold prices, has risen 25.39% year-to-date as of 30 May 2025. The VanEck Gold Miners ETF (GDX), which tracks gold mining stocks, has climbed 43.32%.

This strong rally raises a key question for investors: is it too late to invest in gold or gold mining stocks? I believe it’s late, but there’s still potential for gains. I missed this year’s rally but added GDX to my Interactive Brokers portfolio at US$49 on 21 May 2025. Below, I explain why I entered the market and chose GDX over GLD.

The opinion of the article writer does not represent our media's view.