🔴 GDXU is trading 3.1% down today as gold miners slip on softer bullion and higher yields

GDXU is trading 3.1% down today as gold mining shares slip alongside softer bullion prices and lingering pressure from higher yields and a firm U.S. dollar.

• The move continues last week’s drawdown, when falling gold prices and rising Treasury yields weighed heavily on the sector.
• As a 3x leveraged product, GDXU is experiencing magnified downside volatility relative to the broader gold mining industry.