GDX is trading at $96.36 (-3.13%), pressured by August producer inflation rising 5.4% year over year, lifting Treasury yields and expectations for a more restrictive Federal Reserve.
- Spot gold fell roughly 1% after the release, weighing on precious-metals equities.
- Rising energy prices linked to U.S.-Iran tensions, broader equity weakness, and Brent crude above $105 reinforced risk-off trading.
- The move is primarily macro-driven rather than company-specific as traders reassess the September 15–16 Fed meeting.