🟢 Gold Miners ETF (GDXU) is trading 3.39% up in pre-market as Treasury yields ease

GDXU is trading at $128.38 (+3.39%) in pre-market as gold steadied early on August 19 while Treasury yields eased.

• The rebound follows its 10.21% decline on August 18 and reflects highly leveraged gold-miner exposure.
• Investors awaited the 2:00 p.m. ET FOMC minutes.
• Despite the rebound, overnight gold and silver futures fell 1.88% and 4.24%, respectively; ongoing U.S.-Iran tensions and elevated yields remain the dominant macro backdrop, supporting volatility and safe-haven demand for gold miners.