On September 28, MicroSectors Gold Miners 3x Leveraged ETN fell 15.85% in regular trading, trading at $107.33/share, with turnover of approximately $94.11 million. As a 3x leveraged bull ETN tracking gold mining stocks, the product amplified the sector-wide selloff.

On the news front, spot gold broke below the $4,200/oz level, declining over 2% intraday, after London gold had already closed below $4,300/oz for three consecutive sessions. Following the Federal Reserve's September rate hike, multiple officials continued to signal hawkish intentions, with market pricing indicating an approximately 71% probability of another 25-basis-point hike in October. The consecutive rate hike expectations, combined with a strengthening U.S. dollar and surging Treasury yields, collectively weighed on gold prices.

The selloff extended across gold mining equities globally. Hong Kong-listed gold stocks fell sharply on the same day, with Shandong Gold down 8.90%, Lingbao Gold down 8.87%, and Zhaojin Mining down 5.51%. Industry analysts have warned that if the Fed delivers additional unexpected rate hikes before year-end and signals a higher terminal rate, gold prices could decline toward even lower levels.

(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.)