🔴 GDXU is trading 7.8% down today as rising yields and a stronger dollar pressure gold miners

GDXU is trading at $71.25 (-7.78%) as rising Treasury yields and a stronger U.S. dollar weigh heavily on the gold mining sector.

• Markets are pricing in fewer Fed rate cuts and higher real yields, reducing demand for non-yielding assets like gold.
• As a 3x leveraged note, GDXU is experiencing amplified weakness relative to the underlying gold mining index.