🔴 Gold Miners 3X ETN (GDXU) is trading 8.4% down in pre-market on Fed rate concerns

GDXU is trading at $92.25, down 8.37% in pre-market as inflation expectations raised concern about Fed rate pressure on non-yielding bullion.

• Gold-miner shares were under pressure, and GDXU’s 3X leverage amplified the decline.
• Broad equity futures were also lower.
• Investors awaited September CPI; the report was still pending, so its actual market impact was unknown at alert time.