Direxion Daily Gold Miners Index Bull 2X Shares is trading 10.3% down today as gold-mining shares pull back after a powerful multi-day rally.
- Traders are taking profits and volatility is normalizing after the ETF surged over recent sessions on a weaker U.S. dollar and lower yields.
- The decline is mainly sector- and leverage-driven rather than a broad market selloff, as broader U.S. equity indices are only slightly lower.