NUGT is trading at $143.09 (+2.57%) as gold steadied and edged higher on October 8 after touching a two-month low in the previous session.

  • NUGT’s 2x daily exposure can amplify moves in gold miners, helping explain the ETF’s larger gain.
  • The rebound is occurring despite higher Treasury yields, a firm dollar and hawkish Fed minutes, which remain headwinds for bullion.
  • Broader U.S. equities were slightly lower, so the move appears more sector-specific than market-wide.