Direxion Daily Gold Miners Index Bull 2X Shares is trading 4.1% higher at $153.95 as investors seek gold-related hedges and leveraged exposure following the Federal Reserve's latest policy shift.
- The Fed held interest rates at 3.50%-3.75% but delivered hawkish projections and ended forward guidance, which has increased market uncertainty and lifted Treasury yields.
- The ETF is rebounding from a steep selloff during the previous session as traders pivot toward gold miners to manage risk in a shifting interest rate environment.