---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41475459.md"
description: "Gold mining stock ETFs fell by three to four percentage points, Newmont Mining, Chifeng Gold, and E Fund Gold Mining ETF all dropped by two to three percentage points. Gold miners as a whole retreated today; ChinaAMC Digital Gold basically didn't move. The pressure comes from a strong US dollar—the US Dollar Index reached about 99.4, a two-month high, putting pressure on gold pricing. As leveraged proxies for gold prices, miners fell more than the metal itself. The safe-haven premium in this round of gold was squeezed out first in the face of a strong dollar. The elasticity of miners is a double-edged sword at this time: they surge sharply when gold prices rebound, and also fall deeper when they pull back."
datetime: "2026-06-04T10:59:35.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41475459.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41475459.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41475459.md)
author: "[嗷呜一口吃掉你](https://longbridge.com/en/profiles/27330470.md)"
---

# Gold mining stock ETFs fell by three to four perce…


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