NUGT is trading at $164.85, up +2.51%, as weaker July retail sales weakened the dollar and reduced September Federal Reserve rate-hike expectations.
- Markets now price only a 30% chance of a hike; gold reached approximately $4,387 overnight.
- Renewed strength in gold and gold-mining equities, alongside lower Treasury yields, supported the non-yielding metal.
- The move is sector-driven, with safe-haven demand supported by persistent geopolitical uncertainty and elevated energy-market risks.