🟢 Gold Miners ETF (XGD.TO) is trading 3.1% up, as miners extend gains after gold’s post-election rebound

XGD.TO is trading at CA$55.76, up 3.13%, as gold miners extend gains after gold’s sharp post-election rebound.

• The rebound has been supported by a weaker U.S. dollar and safe-haven demand. XGD is concentrated in large producers including Newmont, Agnico Eagle, and Barrick.
• October U.S. payrolls came in at 165,000, above the 65,000 forecast, lifting the dollar and yields and pressuring bullion. This may limit further gains, though the supplied ETF quote remains positive.