NUGT is trading at $162.22, down -3.64%, as retreating gold and climbing Treasury yields raise the opportunity cost of holding non-yielding bullion. - Gold fell to $4,311.39 on September 23 as the 10-year Treasury yield approached 5.1%, pressuring gold-mining equities. - Stronger U.S. business-activity data reinforced expectations for tighter Federal Reserve policy, contributing to broader risk reduction. - NUGT’s leveraged exposure to gold miners amplifies sector losses.