GDXU is trading at $130.01 (-3.17%) as the Federal Reserve delivered a 25-basis-point rate hike to 3.75%-4.00% on September 16, while elevated Treasury yields and persistent inflation pressured gold and non-yielding assets.
- Gold weakened near $4,285-$4,300 ahead of the decision, weighing on gold-mining equities; GDXU’s 3x leverage amplified the move.
- Decline appears sector-wide, not company-specific: retail sales supported growth trades; higher rates, oil above $107/barrel, and 10-year Treasury yields near 5% reinforced hawkish conditions for miners.