Direxion Daily Gold Miners Index Bull 2X Shares is trading 4.3% up today as investors move into gold miners on safe-haven demand fueled by rising geopolitical tensions between the U.S. and Iran.
- The surge comes as the Dow rotates into value and defensive sectors while tech and cryptocurrency assets experience a sell-off.
- Rising geopolitical friction and a mixed equity tape are providing strong support for gold prices and leveraged exposure to the mining sector.
- The fund is rebounding from recent volatility, catching a bid alongside the underlying NYSE Arca Gold Miners Index.