GDXU is trading 8.3% down today as gold prices weaken amid rising global bond yields and a firmer U.S. dollar.
- Spot gold was reported near $4,369.10, down 1.75%, while the U.S. 10-year Treasury yield climbed to 4.78%, reducing demand for non-interest-bearing bullion.
- Japan’s 10-year government yield reaching 3% intensified global debt and risk-aversion concerns, adding pressure to gold-mining equities.
- GDXU’s 3x daily leverage amplifies the underlying gold-miner decline.