🔴 Gold Miners ETF (GDX) is trading 3.2% down in pre-market as oil fuels rate concerns

GDX is trading at $94.00 (-3.19%) as gold falls alongside higher crude oil, reviving rate concerns.

• Gold futures are down 1.92%, while Brent crude gains 2.75% on September 14, 2026.
• Higher energy prices revive inflation concerns and Fed tightening expectations, pressuring precious-metals valuations; gold-mining shares underperform materials as bullion retreats.
• Risk-off markets: S&P 500 futures down 0.60% and Nasdaq futures down 1.53%; recent above-forecast producer inflation and Middle East-related oil strength remain macro catalysts.