Direxion Daily Gold Miners Index Bull 2X Shares is trading at $155.39, up 16.06% today as a broad global risk-on rally fuels a powerful bounce in gold mining stocks following prior leverage-driven losses.
- The rally is driven by a 60-day U.S.–Iran peace agreement and a more than 4% drop in oil prices, which has eased global inflation and interest rate-hike fears.
- The move marks a significant recovery from extreme volatility seen in early June, as investors return to rate-sensitive, higher-beta assets like leveraged miners ETFs.