🔴 Direxion Daily Gold Miners Index Bull 2X Shares is trading 6.03% down today as higher-for-longer rate expectations pressure the gold sector

Direxion Daily Gold Miners Index Bull 2X Shares is trading at $119.00 (-6.03%) as higher-for-longer interest rate expectations weigh on the gold sector following a strong May jobs report.

• The move aligns with broader weakness across the gold complex, as the robust labor market data reduced hopes for near-term rate cuts, pressuring both bullion and mining stocks.
• Pre-market futures show gold down 1.24%, indicating a sector-wide selloff rather than an event specific to the ETF.