GDX is trading at $86.87, up +3.52% in pre-market as gold is on track for its strongest weekly gain since January, supporting miner margins.
- Weaker oil prices and easing inflation concerns are reducing pressure for higher rates.
- Investors await July payrolls after soft private-employment data increased expectations for a less-hawkish Fed.
- Gold miners are outperforming as bullion remains near recent highs.