GDX is trading at $71.57, down about 3.3%, as investors de-risk amid heightened geopolitical tensions and shifting interest rate expectations.
- Hawkish commentary from the Federal Reserve and a weaker tech-led tone in the broader equity market are pressuring cyclical and resource-linked assets.
- Despite safe-haven interest in physical gold, miners are currently lagging the underlying metal due to increased volatility in commodity-linked equities.