On September 23, VanEck Junior Gold Miners ETF fell 5.1% in regular trading, trading at $121.2/share, with turnover of $111 million.

On the news front, the Federal Reserve raised interest rates by 25 basis points on September 16 to 3.75%-4.00%, marking the first hike in over three years. The dot plot signals a potential additional hike before year-end, with market-implied probability of a December rate increase reaching as high as 88%. The U.S. dollar index reclaimed the 100 level, while spot gold retreated to approximately $4,343 per ounce. The combination of a strengthening dollar and elevated rate expectations exerted dual pressure on U.S.-listed gold mining equities, with leveraged and junior mining products bearing outsized losses.

Broader context reinforces the bearish backdrop: analysts noted that gold remains range-bound between key support near $4,320 and resistance around $4,380, with the traditional negative correlation between gold and real yields weakening but short-term dollar strength still posing the more immediate headwind. Gold ETF holdings climbed to a seven-month high, yet this failed to offset selling pressure on mining stocks.

VanEck Junior Gold Miners ETF normally invests at least 80% of its total assets in securities comprising its benchmark index, which includes companies generating at least 50% of revenues from gold and/or silver mining, royalties, or streaming.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)