🔴 Gold Miners 3X ETN (GDXU) is trading 3.5% down in pre-market as firmer dollar and yields weigh on gold

GDXU is trading at $102.65 (-3.52%) in pre-market as gold’s recent weakness, amid a firmer dollar and rising Treasury yields, weighs on leveraged gold-miner exposure.

• Traders are watching the 2:00 p.m. ET FOMC minutes for clues on rates; a hawkish signal could add pressure to gold.
• No volume figure was supplied, so the pre-market move is not confirmed by volume.