GDXU is trading at $115.58, up 4.14%, in pre-market, apparently reflecting a leveraged rebound in gold-miner exposure as bullion recovered after Monday’s sharp drop.
- Gold rose 1.6% on Tuesday; easing oil prices helped ease inflation concerns.
- High Treasury yields and a firm dollar remained headwinds.
- Q2 GDP’s third estimate and August Personal Income and Outlays, scheduled for 8:30 a.m., were near-term macro catalysts, not confirmed causes of the move.