On October 7, MicroSectors Gold Miners 3x Leveraged ETN fell 10.09% in regular trading, trading at $94.5/share, with Turnover of $64.1863 million.
The decline came as gold prices dropped ahead of the release of the Federal Reserve's September meeting minutes. The triple-leveraged product amplified losses in the gold mining sector, which was broadly pressured by a stronger dollar and higher Treasury yields. Market participants see a less than 22% probability of a rate hike in October but still price in elevated odds for December, supporting dollar strength and weighing on bullion and related assets.
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