NUGT is trading at $191.49 (+2.74%), extending the gold-mining rally after gold surged above $4,500 on August 19.
- Treasury buybacks pushed long-term yields and the dollar lower, supporting bullion and mining-equity operating leverage.
- Gold briefly reached $4,525.79 on August 20 before modest profit-taking; futures remained higher and gold-miner demand stayed firm.
- Fed minutes’ rate-hike concerns are an offsetting risk, while the broader equity market is slightly weaker.