NUGT is trading at $168.55, down 7.69%, as gold declines toward $4,329.77 and investors price a high probability of a Federal Reserve rate increase.

  • Recent U.S. inflation and producer-price data, combined with elevated oil prices, have lifted yields.
  • Higher yields have reduced demand for non-yielding gold, while weakness in gold-mining shares is amplified by NUGT’s leveraged exposure.