NUGT is trading 2% down after profit-taking following its sharp rally.
- Gold reached a more-than-three-month high on August 24 as the weaker dollar, fiscal-risk hedging, and geopolitical uncertainty boosted bullion demand.
- NUGT rose from $155.13 on August 13 to $207.88 on August 21.
- Gold-miner equities and this 2x leveraged fund can underperform bullion intraday when Treasury yields remain elevated, while leverage amplifies sector volatility.