NUGT is trading at $157.35, down 3.61% from the August 10 close in pre-market as investors lock in gains after an exceptionally strong seven-day rally.
- The leveraged fund amplifies weakness in gold-mining equities.
- The decline appears driven mainly by positioning ahead of the August 12 CPI report, despite gold futures remaining firm overnight.
- Markets are also cautious amid a firmer dollar, higher yields, and geopolitical uncertainty; gold’s inflation sensitivity keeps the move volatile.