NUGT is trading 2.5% higher as gold rebounds above $4,300, with traders seeking safe-haven exposure and repositioning ahead of the Federal Reserve’s September 16 policy decision.
- Strong August retail sales increased 1.2%, reinforcing expectations for a possible 25-basis-point rate hike.
- Gold-miner ETFs remain sensitive to bullion and rate expectations; today’s gain primarily reflects gold’s overnight recovery and positioning before the Fed announcement, rather than broad equity-market strength.
- Gold recently faced pressure from elevated Treasury yields and a stronger dollar.