🔴 Gold Miners ETF (NUGT) is trading 4.78% down today as gold futures retreat from highs

NUGT is trading at $156.75 (-4.78%) as gold futures retreat roughly 0.5%-0.6% from a more-than-two-month high.

• Investors are taking profits while awaiting July U.S. PPI data for additional clues on Federal Reserve policy.
• Lower Treasury yields and reduced rate-hike expectations are cushioning gold’s decline.
• The leveraged ETF is amplifying the underlying move.