🟢 Gold Miners 3X Leveraged ETN (GDXU) is trading 3.3% up in pre-market ahead of the Fed decision

GDXU is trading 3.3% higher in pre-market in a leveraged relief rebound ahead of the Fed’s September 16 policy decision.

• Gold-miner sentiment is stabilizing, while gold recently fell as Treasury yields and rate-hike expectations increased.
• September 15 gold settled at 4,263.19 USD/t.oz, down 0.84%.
• The move appears primarily to be a leveraged relief rebound rather than a company-specific catalyst. Elevated yields near 5% and the scheduled retail-sales release remain risks.