🔴 Gold Miners ETF (GDXU) is trading 3.01% down in pre-market as gold pullback pressures miners

GDXU is trading at $92.54, down 3.01%, as gold’s pullback weighs on miners.

• Gold was down 0.71% on October 20; Asian gold-mining shares also faced pressure after Monday’s precious-metals pullback.
• Recent miner weakness despite firmer bullion is consistent with sector-level selling and GDXU’s leveraged exposure to gold-miner shares.
• Broader U.S. futures were mixed, offering little evidence that a general equity-market decline was the main driver.