On September 28, MicroSectors Gold Miners 3x Leveraged ETN fell 8.02% overnight, trading at 117.9 USD/share, with turnover of $9.22 million. As a 3x leveraged ETN tracking gold miners, the product amplified the broad decline across the gold mining sector.

On the news front, following the Fed's September rate hike, multiple officials continued to deliver hawkish signals. Market pricing indicates approximately a 71% probability of another 25-basis-point hike in October. The expectation of consecutive rate hikes, combined with a strengthening U.S. dollar and surging Treasury yields, collectively pressured gold prices. Spot gold was recently quoted near $4,296 per ounce after a 1.3% decline in New York futures. Hong Kong-listed gold stocks saw broad selling, with Shandong Gold falling 8.90%, Lingbao Gold dropping 8.87%, and Zhaojin Mining declining 5.51%. Analysts noted that while short-term post-hike consolidation may offer some recovery potential, persistent consecutive rate hike expectations continue to cap upside for gold prices, suggesting a range-bound trading approach.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)