🔴 Gold Miners 3X Leveraged ETN (GDXU) is trading 3.8% down in pre-market as gold futures decline

GDXU is trading at $133.03, down 3.80%, as overnight gold weakness pressures gold-miner shares and GDXU’s 3x daily exposure.

• Gold futures were down roughly 0.5%-0.6% overnight, while spot gold also declined.
• The decline appears sector-driven rather than tied to a new company-specific announcement.
• GDXU tracks the S-Network MicroSectors Gold Miners Index, which follows gold-miner ETFs; its 3x daily exposure amplifies bullion weakness.