GDXU is trading 10.8% higher at $96.94 in pre-market action as gold-mining shares extend their ongoing relief rally.
- The move represents a leveraged extension of a multi-day rebound, following gains of 7.9% and 8.1% on August 4 and August 3, respectively.
- Gold-related assets are stabilizing amid supportive global risk sentiment, easing crude prices, and relief regarding Middle East shipping routes.
- This 3x leveraged product is seeing outsized upside as oversold gold miners snap back from recent volatility.