GDXU is trading at $127.00, down -6.09%, as gold futures pulled back overnight.
- Gold futures fell 0.32%–0.79% toward $4,395.00–$4,432.25.
- Traders reduced exposure ahead of the 8:30 AM ET PPI release, which could affect Fed-rate expectations; markets are focused on whether PPI changes the rates outlook.
- The decline appears sector-specific: major U.S. index futures remained slightly higher, while leveraged gold-miner exposure amplified the move after gold’s rally following July CPI meeting expectations and investors reassessed September Fed-hike odds.