🔴 Gold Miners 3X ETN (GDXU) is trading 9.4% down as Fed rate concerns pressure gold

GDXU is trading at $91.26, down 9.36%, as Fed rate-hike concerns weigh on gold.

• Gold fell for a third straight session as investors awaited the September CPI report.
• Elevated yields and a firm dollar added pressure to non-yielding bullion. Weakness in gold-miner shares was amplified by GDXU’s 3× leverage.
• The broader equity market was mixed, rather than uniformly lower.