GDXU is trading 3.33% down as gold prices retreat from a more-than-three-month high amid profit-taking.
- Spot gold fell 0.6% to $4,624.87, while U.S. gold futures declined 0.4% to $4,681.50.
- A stronger dollar is adding pressure ahead of upcoming U.S. inflation data and Federal Reserve commentary.
- The pullback follows exceptionally strong recent gains in leveraged gold-miner exposure; profitability remains supportive, but today’s commodity decline is the immediate sector catalyst.