🔴 Gold Miners ETF (GDX) is trading 3.96% down as Fed rate-hike expectations pressure gold

GDX is trading at $93.23, down -3.96%, as Fed rate-hike expectations pressure non-yielding gold and mining equities.

• Middle East supply disruptions pushed oil sharply higher, intensifying inflation concerns.
• Markets increasingly expect a 25-basis-point Fed rate hike during the September 15–16 meeting.
• Broader risk-off trading, including weakness in major U.S. indexes, is adding to sector pressure.