🔴 Gold Miners 3X ETF (GDXU) is trading 3.6% down as elevated yields weigh on gold-miner sentiment

GDXU is trading at $106.99, down 3.60%, as elevated Treasury yields weigh on gold-miner sentiment.

• Gold was little changed near $4,185 on September 30 after Tuesday’s rebound, as traders awaited U.S. PCE data.
• Inflation and Fed outlook uncertainty continued to weigh on non-yielding bullion. The broader market was mixed-to-higher, so the decline appears sector-specific rather than a general equity selloff.
• GDXU’s leveraged exposure can magnify moves in gold-miner shares; available reports don’t identify a single fresh company catalyst.