GDXU is trading 3.12% down today as traders resume selling gold and gold-miner exposure after the Federal Reserve’s 25-basis-point hike and guidance of potentially higher borrowing costs.
- Stronger-dollar and higher-yield pressure weighs on non-yielding bullion; Reuters reported gold fell more than 1% after the Fed decision, despite earlier gains.
- GDXU’s 3x daily leverage amplified the decline after its 11.50% September 17 surge.
- Mixed broader equity markets suggest primarily precious-metals-sector profit-taking, not a broad market selloff.