🔴 Gold Miners ETF (NUGT) is trading 2.88% down in pre-market after profit-taking following gold’s sharp rally

NUGT is trading at $181.02 (-2.88%) in pre-market, primarily reflecting profit-taking after gold miners and NUGT surged on August 19.

• Gold futures settled 2.8% higher at $4,545.30, while the dollar and long-term Treasury yields fell sharply, supporting the prior rally.
• Gold remained near multi-month highs on August 20, but modest consolidation after the large advance likely pressured leveraged miners pre-market.