🟢 Gold Miners ETF (GDXU) is trading 7.78% up today as gold holds above $4,500

GDXU is trading 7.78% up today as gold holds above $4,500 per ounce.

• Weaker Treasury yields, dollar softness, fiscal-debt concerns, and safe-haven demand support gold.
• The U.S. Treasury’s decision to at least double long-duration bond buybacks helped trigger the precious-metals breakout, lifting gold-mining shares broadly.
• Approximately 3x daily leverage amplified moves after gains of 7.50% on August 20 and 27.75% on August 19.