🔴 Gold Miners ETF (GDX) is trading 3.2% down in pre-market on September 23, 2026 as gold prices retreat

GDX is trading at $94.70, down 3.20%, as gold miners weaken alongside falling spot gold.

• Spot gold is down roughly 0.4%-1.0%, pressured by a firmer U.S. dollar and expectations for restrictive Federal Reserve policy.
• Overnight commentary pointed to easing oil-driven inflation fears, reducing demand for gold as an inflation hedge.
• The move appears sector-wide rather than company-specific; broader U.S. index futures remain nearly flat.