On September 23, MicroSectors Gold Miners 3x Leveraged ETN declined 8.53% in regular trading, trading at $137.80/share, with turnover of $47.82 million, extending pre-market weakness into the regular session.

On the news front, the Federal Reserve raised interest rates by 25 basis points last week to 3.75%-4.00%, marking the first hike since July 2023. Multiple Fed officials have since reinforced hawkish messaging, with Minneapolis Fed President Kashkari explicitly stating that inflation pressures have permeated the services sector. Market pricing now reflects an 88% probability of another rate hike in December. Spot gold hovered around $4,357/oz with limited rebound momentum, as the strong dollar index and elevated Treasury yields continued to suppress the appeal of non-yielding gold relative to interest-bearing assets.

As a triple-leveraged product tracking gold mining equities, GDXU magnifies underlying sector movements by approximately three times. The combination of gold price pullback, broad-based weakness in gold mining stocks — with names such as Lingbao Gold down 4.82% and Zijin Gold International down 4.65% — and the inherent leverage mechanism has significantly amplified the decline. Analysts note that the key support for gold sits near $4,320 at the 100-day moving average, while a break below could extend losses toward the $4,200 region.

(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.)