GDXU is trading at $150.41, +21.13%, as gold rebounds on easing Treasury yields, supporting non-yielding bullion and gold-miner equities.
- Gold rebounded after its nearly 2% August 18 decline.
- Traders are positioning ahead of the Federal Reserve’s July meeting minutes, due at 2:00 p.m. ET on August 19, for rate-policy clues.
- U.S.-Iran tensions and energy-supply risks provide safe-haven support; GDXU magnifies the underlying gold-miner index’s daily move threefold.