A popular way to bet on gold miners was trading about 1.5% higher on Monday. The advance in the VanEck Vectors Gold Miners ETF /quotes/zigman/70614826/composite GDX +0.44% comes as gold futures are on track to hit their highest level in nearly three months, according to FactSet data. Gold futures /quotes/zigman/51888252/delayed GCJ7 -0.30% were up $10.40, or 0.9%, at $1,231.10 an ounce on Monday and was looking at their best settlement since Nov. 10. Although the S&P 500 index /quotes/zigman/3870025/realtime SPX +0.11% and the Dow Jones Industrial Average /quotes/zigman/627449/realtime DJIA -0.20% have been mostly rising in the wake of President Donald Trump's early tenure, gold has been gaining ground after since mid November, amid concerns about the health of the European economy, a pick up in inflation and political anxiety about U.S. trade and immigration policies under the new administration.
An earlier version of this Market Pulse incorrectly described the Monday move of the VanEck Vectors Gold Miners ETF and the climb in gold. The VanEck Vectors Gold Miners ETF is up 1.5% in Monday afternoon trade, and April gold is on track to post its best settlement in nearly three months.