NUGT is trading 3.1% up today as weak July retail sales reduced expectations for a September Federal Reserve rate hike.
- Markets now price roughly a 30% chance of a hike, while the softer dollar supports dollar-denominated bullion.
- Gold traded near $4,394.70, up 0.44%, on August 17, 2026, benefiting gold miners through stronger anticipated revenues and margins.
- Geopolitical tensions and safe-haven demand provide additional support, while mining equities are outperforming bullion, amplifying NUGT’s leveraged move.