🔴 GDXU is trading 3.3% down today as gold miners ease after a volatile week

GDXU is trading 3.3% down today as gold mining stocks pull back following a volatile week of outsized moves and sharp gains.

• The fund’s 3x leverage to major gold miner ETFs is magnifying modest sector weakness and profit-taking into a more significant intraday decline.
• Broader U.S. equity indices are trading relatively flat as investors remain cautious ahead of the Federal Reserve’s FOMC statement.