🔴 Gold Miners ETF (GDXU) is trading 5.5% down in pre-market on August 11, 2026 after profit-taking and disappointing Barrick results

GDXU is trading at $126.00 (-5.48%) in pre-market trading on August 11, 2026, primarily due to profit-taking after its exceptional recent rally.

• It gained 21.25% on August 7 and 22.45% on August 5.
• Barrick Mining’s second-quarter profit reportedly missed estimates as higher operating costs offset strong bullion prices, pressuring gold miners.
• Gold remained firm overnight; August futures rose 0.28%, suggesting likely sector-specific deleveraging rather than broad weakness in gold.