On September 28, Direxion Daily Gold Miners Index Bull 2X Shares declined 10.75% in regular trading, trading at $148.20 per share, with turnover of approximately $39.69 million.

On the news front, spot gold broke below $4,200 per ounce, falling more than 2% intraday for the first time since August 5. Fed officials continued to release hawkish signals, with expectations for an October rate hike heating up alongside a strengthening U.S. dollar, subjecting gold prices to dual pressure from rising rates and currency headwinds. Industry analysts warned that if the Fed delivers an unexpected additional rate hike before year-end and signals a higher terminal rate, gold prices could face further downside.

Meanwhile, domestic brand gold jewelry prices in China have retreated roughly 100 yuan per gram over the past month, reflecting the broader global gold sell-off driven by tightening monetary policy expectations and profit-taking. Separately, Kinross revised its annual production guidance downward to approximately 1.84 to 1.86 million gold-equivalent ounces, adding supply-side uncertainty to the mining sector.

As a 2x leveraged bull ETF tracking the NYSE Arca Gold Miners Index, NUGT amplifies daily moves in the underlying index. The fund invests at least 80% of its net assets in financial instruments that provide 2x daily leveraged exposure and is non-diversified.

(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.)