Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: GOLD) closed 2.85% higher on Friday, in tandem with the price of spot gold, which has surged about 5% since Jan. 6.
The Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) was trading down Thursday, in tandem with spot gold, which was declining about 1.5% to trade near the $1,785 mark.
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) gapped up 3% to start Wednesday’s trading session and after some early session volatility, the ETF surged an additional 3% from the open due to bullish price action across the gold
Direxion Daily Gold Miners Index Bull 2X Shares (NYSE: NUGT) shot up over 6% higher after the market opened, but the move higher was hampered by the general market, which saw the S&P 500 falling about 0.7%.