🔴 Gold-mining ETF (NUGT) is trading 2.4% down today after profit-taking following its 14.65% surge

NUGT is trading at $136.79 (-2.44%) on August 6, 2026, most likely reflecting profit-taking after its 14.65% surge on August 5.

• NUGT also gained 4.91% on August 4, highlighting leveraged-ETF volatility.
• Gold remains near a seven-week high, supported by a weaker dollar, lower Treasury yields, and reduced expectations for aggressive Federal Reserve tightening.
• Easing Strait of Hormuz tensions have reduced some safe-haven demand, weighing on gold-mining equities.