GDXU is trading at $130.75 (-4.05%) as weakness in gold and gold-miner exposure weighs on the ETF.

  • Gold futures were recently down about 0.50%, while stronger-dollar pressure and expectations for additional Federal Reserve tightening continue to weigh on bullion.
  • The September 16 Fed hike to 3.75%-4.00% has increased real-yield and non-yielding-asset concerns.
  • Broader equity futures are only modestly lower, indicating a primarily precious-metals-sector move.