🔴 Gold Miners ETF (NUGT) is trading 2% down today as elevated Treasury yields pressure miners

NUGT is trading at $168.15 (-2.02%) as elevated Treasury yields and the Fed’s 25-basis-point rate hike pressure gold-mining equities.

• Gold rebounded above $4,300, up approximately 0.8% near $4,327, while the leveraged miners ETF underperforms the metal.
• The Fed raised rates to 3.75%-4.00%; higher real yields and borrowing costs reduce gold’s relative appeal.
• Cautious repositioning and inflation concerns linked to high energy prices persist; the broader market remains mixed, not a broad equity selloff.