🔴 Gold Miners ETF (NUGT) is trading 2.04% down as elevated Treasury yields pressure miners

NUGT is trading at $148.69, down -2.04%, as a strong dollar and near-multiyear-high Treasury yields pressure bullion and miners.

• Gold’s rebound remained fragile; gold was near $4,185 in morning coverage.
• Investors were awaiting August PCE and final GDP data for clues on the Fed’s rate path, while yields remained elevated.
• NUGT’s earlier premarket strength was attributed to gold’s rebound, but the supplied live price showed that move had reversed by 11:23 a.m.