NUGT is trading at $114.32 (-2.98%) amid a decline in gold-miner stocks, a move amplified by the fund's 2x leveraged structure.
- Broader U.S. equities are also lower, with the S&P 500, Nasdaq, and Dow all trading in the red, adding further pressure to the sector.
- Market participants are awaiting the release of the FOMC Minutes, with policy uncertainty weighing on risk assets while gold-related names consolidate.