NUGT is trading at $117.00 (+2.36%) as gold-mining stocks rebound following last week’s tariff-driven volatility.
- The sector-level recovery is the primary catalyst for the 2x leveraged fund, which tracks a gold and silver miners index, rather than a single stock-specific event.
- Improving risk sentiment is providing additional support as rising U.S. futures and falling oil prices ease inflation fears, benefiting defensive and commodity-linked trades.