🟢 Gold-mining ETF (NUGT) is trading 5.58% up in pre-market as gold prices near a seven-week high

NUGT is trading at $149.00 (+5.58%) in pre-market as gold prices trade near a seven-week high.

• Spot gold was up 4.8% for the week; U.S. gold futures were also higher amid weaker oil prices and safe-haven demand.
• Investors are positioned ahead of the 8:30 a.m. ET July payrolls report, expected to show 80,000 new jobs and 4.2% unemployment.
• The data could shift expectations for Federal Reserve policy, adding volatility to gold and leveraged gold-mining ETFs.