🔴 Global Mining ETF (GDIG.L) is trading 3.14% down as rising yields pressure metals

GDIG.L is trading at $62.89 (-3.14%) as miners faced pressure amid rising Treasury yields and a firmer dollar.

• Gold fell more than 2.8%, silver more than 4%, and copper 1.5%.
• President Trump’s rejection of Iran’s Strait of Hormuz proposal renewed inflation and rate concerns; an oil rebound and higher yields added pressure to metals and mining shares.
• U.S. futures were lower in pre-market trading.