2/5

GDXU Jumps 8.24% as Geopolitical Tensions and Inflation Drive Gold Surge

Gold miners are experiencing a surge in interest as geopolitical tensions and inflation concerns drive investors towards gold, pushing prices to new highs above $2,700 per ounce. This trend is further supported by central banks' continued appetite for gold, which shows no signs of abating in 2025. The recent developments in Mali, where the government is demanding a greater share of income from gold mining operations, have also added to the uncertainty in the mining sector, potentially affecting supply and driving prices higher. Additionally, the U.S.-China trade tensions have spurred a rally in gold as investors seek safe-haven assets amid tariff threats.

The MicroSectors Gold Miners 3x Leveraged ETN (GDXU) rose to $46.22, marking an 8.24% increase as of 10:00 AM ET on February 5th.