On August 13, MicroSectors Gold Miners 3x Leveraged ETN declined 8.31% in regular trading, trading at $123.24/share, with turnover of $82.3962 million.

On the news front, the U.S. July CPI data came largely in line with expectations, showing a slowdown in year-over-year growth. However, the data release failed to lift market sentiment, and gold prices reversed lower on profit-taking after brief volatility. London spot gold broke below $4,400/oz intraday.

The sell-off followed an aggressive rally that saw London gold accumulate nearly 10% gains since the start of August, triggering its first overbought signal in 103 trading days. The concentrated long positioning at elevated levels created significant unwinding pressure, amplifying the pullback. As a 3x leveraged ETN tracking gold miners, GDXU magnified the underlying sector losses caused by the gold price 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.)