Direxion Daily Gold Miners Index Bull 2X Shares is trading at $154.78 (+4.63%) as a hawkish Federal Reserve outlook drives flows into gold-related hedges.
- The move follows the Fed’s June 17 hold and subsequent hawkish commentary, which lifted market uncertainty and increased demand for gold-related assets.
- Treasury yields rose and risk assets sold off following the Fed press conference, providing a supportive environment for gold miners.
- While S&P 500 and Nasdaq futures are higher, the ETF continues to react to the specific post-Fed macro-economic setup.