NUGT is trading 2.4% higher as leveraged gold-miner exposure continues to rebound following the Federal Reserve’s steady-rate decision and rising Middle East tensions.
- Demand for defensive assets has increased as geopolitical risks and the Fed's interest rate stance support gold-mining shares.
- The ETF is extending a July 29 rebound that saw shares rise approximately 3.5% in after-hours trading.
- Overnight risk sentiment has stabilized with firming U.S. futures, providing additional support for the sector.