🟢 Gold Miners ETF (NUGT) is trading 2.5% up in pre-market as gold steadies after sharp selloff

NUGT is trading at $151.63, up 2.49%, as gold steadies near $4,125 overnight after Monday’s sharp decline.

• A relief bounce is possible, but yields above 5.25%, a stronger dollar and oil-driven inflation concerns weigh on bullion.
• After NUGT’s 10.73% loss on September 28, the pre-market gain may be a rebound, not a reversal in sector pressures.
• Higher oil and renewed Fed rate-hike fears were cited in Monday’s gold and miner weakness.