🔴 Gold Miners ETF (GDXU) is trading 3.3% down in pre-market after leveraged rally

GDXU is trading at $156.70, down -3.30%, as investors take profits after September 9’s sharp leveraged rally despite firm overnight gold.

• Ahead of the August U.S. PPI, hot inflation could lift Treasury yields and pressure miners.
• Rising crude prices and renewed U.S.-Iran tensions sustain risk aversion; gold was recently reported near $4,396.00, up 0.90%.
• Leveraged-ETF volatility and pre-data positioning outweigh gold-collapse concerns; energy inflation may limit miners’ support despite safe-haven bullion demand.