Gold Stocks Glitter as Worries Around Inflation, Tariffs Flare
- VanEck Gold Miners ETF outpaces gold’s advance in 2025
- Mining shares catching up to gold after trailing for years
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Shares of gold miners are soaring in the early months of 2025, as risks around inflation and geopolitics push analysts to ramp up their outlook for the precious metal, a classic haven asset.
The roughly $14 billion VanEck Gold Miners ETF is up around 20% this year, with all but four stocks in the 56-member fund rising. The price of gold, by contrast, is up 12%, while the S&P 500 has gained around 1.7%. That dynamic marks a change from recent years, when shares of miners typically trailed the gold price.