🔴 Gold Miners ETF (NUGT) is trading 7.02% down as weaker gold pressures miners

NUGT is trading at $171.44, down 7.02%, as weaker gold prices pressure gold-mining equities.

• Spot gold fell 0.81% on September 22 as the dollar strengthened.
• The 10-year Treasury yield was near 4.98% on September 23, adding pressure.
• NUGT’s 2x daily leverage amplifies gold-miner sector declines; the broader market is only modestly lower, indicating a sector-specific catalyst.