NUGT is trading 3.1% up today as investors rotate back into defensive, rate-sensitive assets following the Federal Reserve’s decision to hold interest rates steady.
- Rising Middle East tensions and higher oil prices are boosting demand for gold and gold-mining exposure, supporting a rebound for the leveraged ETF after recent volatility.
- The price action reflects renewed interest in the broader precious-metal mining sector rather than company-specific news, as markets digest ongoing macroeconomic risks.