🔴 Gold Miners ETF (GDX) is trading 3.1% down today as yields and dollar pressure gold miners

GDX is trading at $85.46 (-3.13%) as higher Treasury yields and a firmer dollar pressure gold and weigh on miners.

• Traders are cautious ahead of the 2:00 p.m. ET FOMC minutes.
• Expectations of a higher-for-longer rate path are adding pressure.
• Broader markets are also lower, though rate and bullion headwinds appear especially relevant to miners.