🔴 Gold Miners ETF (GDXU) is trading 4% down as strong jobs data lifts yields and dollar

GDXU is trading at $81.95, down 4.01%, as stronger-than-expected payroll growth lifted Treasury yields and the dollar, pressuring gold.

• October payrolls rose 165,000 versus roughly 65,000 expected; unemployment fell to 4.1%, and wage growth reached 3.1% year over year.
• The dollar’s rebound and fading gold momentum add pressure to gold miners; GDXU’s leveraged exposure can magnify those moves.