🔴 Gold Miners 3X Leveraged ETN (GDXU) is trading 3.3% down today as 10-year yields hit 5.02%

GDXU is trading at $130.89, down 3.31%, as sharply higher real-rate expectations pressure gold and gold miners.

• The 10-year Treasury yield reached 5.02%, its highest level since 2007, reducing gold’s appeal as a non-yielding asset.
• Markets price roughly a 92% chance of a Federal Reserve rate hike.
• Gold declined about 0.52% on September 15, amplifying the impact through GDXU’s 3x leverage.