🟢 Gold Miners 3X ETF (GDXU) is trading 4.19% up as weak jobs data boosts gold miners

GDXU is trading at $106.42, up 4.19%, as weak September payrolls raised expectations of less Fed tightening.

• The report showed 29,000 jobs added, while unemployment rose to 4.2%.
• Gold rose nearly 1% after the release, supporting gold-mining shares; GDXU magnifies daily moves in its gold-miner index by three times.
• GDXU tracks an index tied to gold-miner ETFs, reflecting the precious-metals sector’s response to the labor and rate outlook.