🟢 Gold Miners ETF (GDX) is trading 3.05% up in pre-market as gold approaches 10-week highs

GDX is trading 3.05% up in pre-market as gold approaches 10-week highs ahead of the August 12 U.S. CPI report.

• Spot gold gained nearly 1% as investors reduced expectations for additional Fed tightening; lower Treasury yields supported bullion and amplify miners’ leverage.
• Subsequent July CPI: headline rose 0.1% monthly and 3.4% annually, matching expectations; core rose 0.2% monthly and 2.5% annually.
• Nasdaq futures lead gains; Barrick-Newmont restructuring is background, but the ETF-wide move appears macro-driven.