GDXU is trading at $75.34, down 4.27%, as surging oil prices revive inflation and higher-for-longer rate concerns that weigh on non-yielding gold.
- Gold traded near a three-month low, with pressure hitting miners broadly. Middle East tensions and cautious equity markets are adding to risk aversion.
- GDXU’s leveraged exposure can magnify moves in gold-miner shares. Supplied price history shows a sharp prior-session decline, so the latest move follows continued volatility.