🔴 Gold Miners ETF (NUGT) is trading 2% down in pre-market as higher Treasury yields pressure bullion

NUGT is trading at $164.43 (-2.01%) as higher 10-year Treasury yields raise bullion’s opportunity cost.

• Gold futures fell roughly 0.6% overnight toward $4,447, reversing part of August 17’s advance; rising oil prices reinforced inflation concerns.
• Traders await the Federal Reserve’s July meeting minutes, limiting risk appetite for gold miners ahead of the release.
• GDX fell approximately 0.9% pre-market, confirming sector-wide pressure.