NUGT is trading 2.9% up in pre-market as gold rebounds toward a 10-week high.

  • Spot gold rose nearly 1%, while futures also advanced as investors reduced expectations for near-term Federal Reserve tightening.
  • Escalating Middle East and Strait of Hormuz tensions are adding safe-haven demand.
  • The move supports leveraged gold-miner exposure despite ongoing inflation uncertainty ahead of the August 12, 2026, U.S. CPI report.