Trading at $125.00 (+7.74%)
The move is consistent with gold miners outperforming as traders rotate into the leveraged miners ETF. NUGT is a 2x leveraged fund tied to the gold miners index, so even modest strength in the underlying sector can produce an outsized move.[1][3][9]
A likely contributor is broader market caution around global volatility and geopolitical uncertainty, which tends to support gold-related exposure. The ETF also came into the session after recent weakness, with prior closes around $116.02 and $117.01, making the rebound more pronounced.[2][7]