🟢 Gold Miners ETF (NUGT) is trading 14.19% up on August 7, 2026, driven by weak U.S. jobs data

NUGT is trading at $161.07, up 14.19% on August 7, 2026, driven primarily by July’s unexpectedly weak U.S. employment report.

• Nonfarm payrolls fell 23,000, versus an expected increase of roughly 80,000, reducing expectations for a September Federal Reserve rate hike.
• Gold surged to a seven-week high as lower rate expectations and a softer dollar supported bullion.
• Precious-metals miners rallied broadly, amplifying NUGT’s leveraged response.