🔴 Gold Miners ETF (NUGT) is trading 5.74% down today as Fed tightening concerns pressure leveraged gold miners

NUGT is trading at $181.41, down 5.74%, as renewed Federal Reserve tightening concerns pressure leveraged gold-miner exposure.

• August PPI rose 0.4% month over month and 5.3% year over year; firm Treasury yields reduced demand for non-yielding gold assets.
• The decline was amplified by NUGT’s leveraged structure and broader risk-off conditions following the U.S.-Iran escalation and oil’s move above $100 per barrel, intensifying inflation concerns.