🔴 Gold Miners 3X Leveraged ETN (GDXU) is trading 12.52% down as higher Treasury yields pressure gold

GDXU is trading at $130.89 (-12.52%) as hotter inflation data and rising Treasury yields pressure precious metals.

• Approximately 87%-89% odds of a Federal Reserve rate increase are weighing on gold and gold miners.
• Gold fell about 0.47% on September 14; higher yields and Fed-hike expectations remain dominant drivers despite Middle East supply disruptions.
• GDXU’s 3x leverage magnifies the underlying gold-miner decline.