GDXU is trading 5.9% higher as gold prices rebound and gold miners rally on renewed geopolitical stress in the Middle East.
- Safe-haven demand for bullion has surged after a projectile hit a cargo ship near the Strait of Hormuz and drones attacked a U.S. base in Kuwait.
- The rally in underlying gold miner indices is magnifying gains for this 3x leveraged product as investors pivot toward defensive assets.