GDX is trading at $84.08 (-3.04%) as rising oil prices revive inflation concerns and pressure non-yielding gold. - Gold fell more than 1% overnight amid expectations that interest rates may stay higher for longer. - Higher yields and Middle East supply tensions are adding pressure to precious metals, while broader risk sentiment is weak. - U.S. futures are lower; weekly jobless claims are due at 8:30 a.m. ET.