NUGT is trading at $157.38, down 4.40% from the August 12, 2026 close of $164.62, reversing part of its recent rally as gold futures slipped about 0.32%, encouraging profit-taking in leveraged gold-miner exposure.

  • Gold paused near a more-than-two-month high overnight.
  • Investors are positioning cautiously before the 8:30 a.m. EST U.S. PPI release; softer CPI reduced September Fed-hike odds to about 40%.
  • A hotter PPI could lift yields and pressure gold and mining shares.