NUGT is trading at $147.60 (-10.94%) as an oil-price surge reignited inflation concerns and expectations of further Fed rate hikes. - Gold fell more than 2% after President Trump rejected Iran’s proposal to reopen the Strait of Hormuz, undermining diplomatic hopes and helping lift oil prices. - Rising Treasury yields and a stronger dollar pressured non-yielding precious metals; NUGT’s 2x daily gold-miner exposure amplifies the sector’s decline.