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Gold's sharp drop fuels surge in bearish gold miner ETFs DUST and JDST, up 24-25% in five days.

Market News
23 Mar 2026
Benzinga
View Source
Bearish
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Gold prices fell nearly 10% last week, triggering a strong rally in inverse gold miner ETFs like DUST and JDST, which rose 24% and 25% respectively. This decline is driven by shifting interest rate expectations, with markets now anticipating possible rate hikes instead of cuts, strengthening the dollar and pushing yields higher—both negative for gold. Additionally, large outflows from gold funds and concerns over geopolitical tensions adding selling pressure have intensified the drop. While these ETFs offer traders a way to profit from falling gold prices, they are not suited for long-term investments due to their leveraged nature.

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