NUGT is trading 2.5% down today as gold-mining shares and bullion pull back following last week’s safe-haven surge.
- Escalating U.S.–Iran tensions have pushed oil prices higher, reinforcing inflation concerns and supporting a stronger U.S. dollar, which typically pressures gold and miners.
- Because NUGT delivers 2x daily exposure to gold miners, this sector weakness is significantly magnified in today’s price move.