🔴 Gold Miners 3X ETF (GDXU) is trading 13.53% down in pre-market as Hormuz standoff revives inflation and rate-hike concerns

GDXU is trading at $110.46, down 13.53%, as the Iran–U.S. standoff over the Strait of Hormuz renewed inflation and rate-hike concerns.

• Spot gold was reported down 2.1% early Monday.
• Brent rose and the 10-year Treasury yield reached 5.20%, weighing on non-yielding bullion.
• As a leveraged gold-miners ETF, GDXU is especially exposed to the sector-linked move; no GDXU-specific news was identified.