🔴 Gold Miners ETF (GDXU) is trading 12.77% down as rising oil fuels inflation worries

GDXU is trading at $83.58, down -12.77%, as inflation worries pressure gold.

• Gold fell to a more-than-two-week low as surging oil heightened inflation concerns ahead of next week’s Federal Reserve decision.
• Higher Treasury yields pressured non-yielding bullion, weighing on gold-mining shares.
• GDXU’s leveraged exposure can amplify miners’ moves; broader risk aversion may also weigh, but available coverage does not establish a single cause for the full decline.