The MicroSectors Gold Miners 3x Leveraged ETN (GDXU) closed on January 30, 2025, with an impressive 11.83% gain, reaching $40.75, as gold prices surged to new all-time highs amid economic uncertainties. Spot gold tested $2,798.50 per ounce, driven by weaker-than-expected U.S. GDP growth of 2.3% in Q4 and tariff threats from the Trump administration, which have heightened safe-haven demand. The Federal Reser
Gold prices surged on January 30, 2025, as spot gold tested $2,780 per ounce following a decline in U.S. GDP growth to 2.3% in Q4. This economic slowdown has bolstered gold's appeal as a safe-haven asset, further supported by the European Central Bank's decision to lower interest rates, which has driven gold to all-time highs against the euro. Additionally, the U.S. weekly jobless claims dropped to 207,000,
The MicroSectors Gold Miners 3x Leveraged ETN (GDXU) closed at $31.93 on January 10, 2025, up 0.31% as gold prices neared $2,700/oz, driven by solid safe-haven demand despite a strong dollar and rising bond yields. The U.S. economy added 256,000 jobs in December, yet inflation expectations surged, fueling gold's appeal as a hedge against economic and geopolitical risks. The University of Michigan's prelimin
Gold prices have been on an upward trajectory, gaining for the third consecutive day as of January 9, 2025, ahead of U.S. economic data releases that could influence the Federal Reserve's interest rate decisions. The anticipation of this data has fueled investor interest in gold as a safe-haven asset, particularly amid ongoing global economic uncertainties. Additionally, weaker-than-expected private payroll
Gold mining stocks are experiencing a surge on January 9, 2025, driven by a combination of strong production reports and positive market sentiment towards gold. K92 Mining's announcement of record gold production for the year, surpassing its guidance with 149,515 ounces, has bolstered confidence in the sector. Additionally, the outlook for gold remains robust, with BMO highlighting sustained strength due to
Gold mining stocks are experiencing a surge on January 2, 2025, driven by several key developments in the sector. West Red Lake Gold Mines announced a significant financial boost with a loan agreement to restart the Madsen Mine in Red Lake, which had been inactive since October 2022. This move is seen as a major de-risking step, providing the necessary capital to resume operations and potentially increase g
The MicroSectors Gold Miners 3x Leveraged ETN (GDXU) is experiencing a notable surge, driven by recent developments in the gold mining sector. A significant factor contributing to this movement is the announcement by Earth AI of a new gold system discovery at its Willow Glen project in New South Wales, Australia. This discovery, made using advanced AI technology, has revealed economically viable gold deposi
Gold mining stocks are experiencing a surge on January 2, 2025, driven by a combination of geopolitical and economic factors. The recent discovery of a new gold system by Earth AI at its Willow Glen project in Australia has added optimism to the sector. This discovery, made using advanced AI technology, highlights the potential for further gold exploration and extraction, boosting investor confidence. Addit
The MicroSectors Gold Miners 3x Leveraged ETN (GDXU) closed up 0.88% at $28.62 on December 23, driven by a modest rise in gold mining stocks, with GDX and GDXJ increasing by 0.44% and 0.51%, respectively. The uptick in gold mining equities comes amid a backdrop of global gold production peaking at 3,250 tonnes next year, as reported by The Northern Miner, suggesting a potential supply constraint that could
The MicroSectors Gold Miners 3x Leveraged ETN (GDXU) closed on December 20th at $28.37, up 3.16%, as gold mining stocks gained momentum amid rising gold prices and geopolitical developments. The underlying securities, including GDX, GDXJ, and CDE, also saw increases of 1.16%, 0.75%, and 1.91% respectively. The surge in gold prices is partly attributed to ongoing illegal mining activities in the Brazilian Am
The MicroSectors Gold Miners 3x Leveraged ETN (GDXU) is experiencing a notable uptick, driven by developments in the global mining sector, particularly in Africa. Recent legal disputes in the Sahel and Central Africa have put a spotlight on the mining industry, as companies face increased scrutiny and regulatory challenges. Barrick Gold Corporation's ongoing arbitration with the Mali government over new min
Gold mining stocks are experiencing a surge on December 20, 2024, driven by several key developments in the sector. North Bay Resources Inc. announced the arrival of 42 tons of gold ore from its Fran Gold Project in British Columbia to its Bishop Gold Mill in California. This shipment, along with an expected additional 21 tons, has bolstered investor confidence in the company's production capabilities. Furt
The MicroSectors Gold Miners 3x Leveraged ETN (GDXU) closed down 1.78% at $32.58 on December 17, 2024, as gold mining stocks faced pressure amid stronger U.S. economic data and looming Federal Open Market Committee (FOMC) decisions. The underlying securities, including GDX and GDXJ, saw declines of 0.63% and 0.34%, respectively, while individual miners like Harmony Gold Mining Co. (HMY) dropped 2.14%. The m
The MicroSectors Gold Miners 3x Leveraged ETN (GDXU) is experiencing significant downward pressure due to a combination of factors affecting the gold mining sector. A notable disconnect between rising gold prices and underperforming gold mining stocks has been highlighted by industry experts, suggesting a potential rebound in gold equities. However, this divergence has yet to materialize, contributing to th
Gold mining stocks are facing significant pressure on December 12, 2024, as a combination of factors weigh heavily on the sector. The recent sell-off in gold and silver is largely attributed to heavy profit-taking following hotter-than-expected U.S. Producer Price Index (PPI) data, which has fueled concerns about inflation and potential Federal Reserve rate hikes. This has led to a stronger dollar, further
Gold mining stocks are facing downward pressure as market dynamics shift, impacting the MicroSectors Gold Miners 3x Leveraged ETN (GDXU). Despite a generally positive outlook for gold itself, with ING Groep NV forecasting record prices due to geopolitical concerns and central bank buying, gold equities are not following suit. Renowned mining executive Ross Beaty highlighted a significant disconnect between
Gold prices are experiencing a downturn on December 12, 2024, as profit-taking activities emerge following a recent peak. This decline is compounded by a broader bearish sentiment in the mining sector, influenced by rising protectionism in the global scramble for critical minerals. According to Verisk Maplecroft research, 72 nations are increasingly adopting protectionist measures, which could disrupt suppl
Gold mining stocks are facing downward pressure on December 12, 2024, as the sector grapples with a mix of corporate developments and broader market dynamics. Agnico Eagle Mines Ltd.'s announcement of its acquisition of O3 Mining in a $204 million all-cash deal is a significant move within the mining sector, potentially reshaping competitive dynamics. While this acquisition is expected to bolster Agnico Eag
Gold prices are experiencing a pullback on December 12, 2024, as investors engage in profit-taking following a recent surge to a one-month peak. This retreat comes amid a backdrop of mixed economic signals, including recent U.S. inflation data that has fueled optimism for potential Federal Reserve rate cuts. The anticipation of such monetary policy adjustments had previously driven gold prices higher, as lo
The MicroSectors Gold Miners 3x Leveraged ETN (GDXU) closed up 0.52% at $38.57 on December 10, 2024, as gold mining stocks experienced a modest rise amid sector-specific developments. The underlying securities, including GDX and GDXJ, saw slight increases of 0.34% and 0.30%, respectively. Newmont Corp., the world's largest gold miner, announced further workforce reductions as part of a corporate overhaul ai