GDXU is trading at $192.59, up 4.01% versus the August 21 close in pre-market on August 24, 2026, extending a sharp, sector-driven multi-session rally as gold’s breakout above $4,500 supports mining shares.
- Treasury buybacks pushed long-term yields and the dollar lower; debt concerns increased bullion demand.
- Bloomberg and Reuters identified expanded buybacks as a key catalyst.
- Safe-haven demand and gold above $4,600 add momentum; firmer dollar and Treasury futures could limit gains.