🟢 Gold Miners ETF (NUGT) is trading 2.5% up on August 12, 2026 as spot gold rose nearly 1%

NUGT is trading 2.5% up as spot gold rose nearly 1% toward a 10-week high, lifting leveraged gold-miner exposure.

• Investors reduced expectations for near-term Federal Reserve tightening ahead of the U.S. CPI report, supporting bullion prices.
• Ongoing Middle East conflict and Strait of Hormuz shipping risks are adding safe-haven demand, while recent weak U.S. employment data continues supporting gold’s broader rally.
• Gold-miner ETFs have sharply outperformed recently as bullion advanced.