Direxion Daily Gold Miners Index Bull 2X Shares is trading 6.4% down at $159.77 as leveraged gold-miner products pull back after a sharp two-day surge driven by a softer dollar and lower yields.
- The ETF is retreating from its May 29 close of $170.65, a move consistent with the typical volatility seen in 2x leveraged funds following a significant run-up.
- Broader U.S. index futures are trading modestly higher, suggesting the downward pressure is specific to the gold mining sector rather than a broad market risk-off move.