GDXU is trading at $72.00, down 6.30%, as gold weakened after stronger-than-expected U.S. GDP and inflation reinforced concerns about further Fed rate hikes.
- The price compares with the October 29 close of $76.84.
- Gold futures also fell early Friday, pressuring gold-mining shares; GDXU’s 3x daily leveraged exposure amplifies the sector’s decline.
- The broader overnight risk-off backdrop may add pressure, but weakness in gold and miner sentiment is the clearest direct catalyst.