GDX is trading 3.1% down today as gold miners sell off alongside weaker gold prices and a firm U.S. dollar, continuing the downside momentum that began on July 07, 2026.
- Broader risk-off sentiment tied to geopolitical escalation in the Middle East and cautious trading ahead of the FOMC Minutes is reinforcing the move.
- Gold miners are underperforming major U.S. indices as investors rotate away from higher-beta, commodity-linked equities.