NUGT is trading 2.8% down today as the gold mining sector enters a consolidation phase following a sharp rally driven by easing inflation and safe-haven demand.
- The recent surge in gold miners and leveraged products was fueled by cooling CPI data and heightened geopolitical tensions between the U.S. and Iran.
- Today's move reflects a period of market digestion as investors reassess risk exposure ahead of the upcoming PPI release.