GDXU is trading 4.1% up today as gold miners rebound alongside a broader recovery in global equities and stabilizing risk sentiment.
- A sharp drop in oil prices is easing inflation and interest rate worries, providing support to commodity-linked and cyclical sectors.
- As a 3x leveraged ETN, GDXU is amplifying the move in underlying gold mining stocks, which are benefiting from a friendlier macro backdrop and improved investor risk appetite.