🟢 Gold Miners 3X Leveraged ETN (GDXU) is trading 3.25% up today ahead of Fed rate-path guidance

GDXU is trading at $137.53, up 3.25% today in a leveraged relief rally ahead of the Federal Reserve’s September 16 policy decision.

• Traders are positioning for rate-path guidance.
• The rebound follows gold-miner weakness on September 15.
• Gold had recently faced pressure from Treasury yields near 5%, while stabilization in bullion and gold-miner sentiment is supporting the move.