Patrick Dunuwila profile image
Patrick Dunuwila

Chart of the Day - Monday, August 4, 2025

August 4, 2025


🏆 Today's Chart of the Day was shared by Brandon Beylo (@Marketplunger1).
 

  • Gold is nearing record highs again after coiling into a tight range over the past three months. The metal has gone nowhere since stocks bottomed in mid-April, yet it's up +28% YTD versus +6% for the S&P 500.
     
  • While Gold hasn't broken out yet, the Gold Miners ETF ($GDX) notched its highest close since 2012 today, breaking out from a two-month range between $50 and $54.50.
     
  • $GDX remains -17.5% below its 2011 peak of $66, but with price reclaiming its 2012 peak today, there’s little resistance preventing a full recovery in the coming months. 
     
The Takeaway: Gold Miners ($GDX) broke out to a 15-year high today ahead of the underlying metal itself, signaling renewed risk appetite for precious metals.
Filed Under: