Related: Tactical ETF Strategies for the Miners Trend

Comex gold futures dipped another 1.4% Thursday to $1,256.0 per ounce.

“Just as the prospect of extended low rates and a weaker dollar provided commodities with considerable tailwinds earlier in the year, the reverse could be at work now, as rising rates and a stronger dollar pressures prices lower,” Edward Meir, independent commodity consultant at INTL FCStone, said, according to MarketWatch. “Gold will likely be a front-casualty in such a retreat.”

For more information on gold producers, visit our gold miners category.

Direxion Daily Gold Miners Bear 3X Shares