GDX is trading at $100.56 (-3.02%) as gold slipped 0.5% after investors reduced exposure before Fed Chair Kevin Warsh’s Jackson Hole speech, pressuring miners.
- The decline appears sector-wide and was amplified by profit-taking after global gold miners gained 43% in August, their strongest month on record.
- Broader equities are nearly flat, so weakness is concentrated in precious-metals equities rather than a general market selloff.