On September 24, MicroSectors Gold Miners 3x Leveraged ETN fell 8.3% in regular trading, trading at $120.64/share, with turnover of approximately $136 million.

On the news front, multiple bearish catalysts converged to pressure gold prices and gold mining equities. The S&P Global US September Composite PMI preliminary reading surged to 58.4, significantly exceeding the market consensus of 55.3 and hitting a five-year high, fueling concerns over economic overheating and persistent inflation. The strong economic data prompted the market to reassess how long restrictive monetary conditions may persist, raising the relative holding cost of non-yielding gold. Meanwhile, the Federal Reserve recently raised rates by 25 basis points to 3.75%-4.00%, with officials continuing to deliver hawkish rhetoric. Minneapolis Fed President Kashkari explicitly stated that inflationary pressures have permeated the services sector, and market-implied odds of another December rate hike stand at 88%.

US-listed gold miners broadly declined, with Pan American Silver, Harmony Gold, and Gold Fields each falling over 5%. As a triple-leveraged product tied to gold mining stocks, GDXU amplified the underlying sector losses through its leverage mechanism, resulting in a significantly magnified decline.

(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.)