NUGT is trading 2.4% down today as weakness in gold-mining shares continues and risk sentiment remains cautious ahead of the Federal Reserve’s FOMC statement.
- Geopolitical tensions in the Middle East are pushing oil and inflation concerns higher, supporting the U.S. dollar and pressuring gold and miners.
- The ETF’s 2x leverage is amplifying these sector moves, extending the downside seen in the prior session.
- Investors are maintaining a defensive stance as they await the Fed's policy outlook and its potential impact on interest rates.