🔴 Gold Miners 3X ETN (GDXU) is trading 4.45% down in pre-market after hawkish Fed guidance

GDXU is trading at $154.00 (-4.45%) after hawkish Federal Reserve guidance raised September rate-hike expectations, lifting yields and the dollar.

• Higher borrowing costs and a stronger dollar reduce demand for non-yielding gold, pressuring gold-mining shares and leveraged GDXU.
• Traders reportedly raised September hike odds to about 60% after Chair Warsh’s remarks.
• Geopolitical tensions supported oil but did not offset rates-driven precious-metals weakness; gold’s recent decline and GDXU’s 3X leverage help explain the outsized pre-market loss.