GDXU is trading at $134.47 (+3.10%) as gold strength, softer rate expectations and a weaker dollar support miners.
- Gold prices remain elevated after rising 7.7% during the week ending August 7; weaker July employment data reduced expectations for aggressive Federal Reserve tightening.
- Gold reached $4,411.20 in New York trading; spot gold rose 0.4%.
- GDXU amplifies gold-miner index movements by 3x daily; traders await the August 12 CPI report, which could influence Federal Reserve expectations.