🟢 Gold Miners ETF (GDX) is trading 3.75% up as falling oil eased inflation concerns

GDX is trading at $79.98, up 3.75%, as gold rebounded after oil prices fell, easing inflation concerns and pressure from expected Fed rate hikes.

• The rebound followed Friday’s selloff. Hopes for U.S.–Iran diplomatic progress and a weaker dollar also supported bullion.
• The Fed’s rate outlook remains a risk. GDX’s rise follows a sharp prior-session decline; the supplied price context does not include current volume.