Gold miner ETFs bounce higher as bullion notches its first daily gain in four days

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Gold miner exchange-traded funds surged Thursday as the yellow metal price rose and the dollar softened further. The iShares MSCI Global Gold Miners ETF was up 2.6% at midday, while the VanEck Vectors Gold Miners ETF jumped more than 3%. The Sprott Gold Miners ETF jumped 3.4%. December gold rose 0.3% to settle at $1,874.30 an ounce Thursday, notching its first gain in four sessions. The gold price has dropped about 10% from its early August peak of $2,069.40. Miner stocks tend to move more dramatically than the price of the underlying metal.
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