🔴 Gold Miners ETF (GDXU) is trading 4.68% down in pre-market as rate concerns weigh on gold

GDXU is trading at $80.76 (-4.68%) as gold weakens amid inflation and rate concerns.

• Gold fell toward $4,000 as investors assessed the Fed’s rate hold, hawkish dissent and limited guidance on its next move.
• Elevated oil prices are sustaining inflation concerns and expectations of higher rates, a headwind for non-yielding bullion and gold miners.
• The Fed held rates at 3.75%–4.00%; investors are watching U.S. inflation data for further policy clues.