NUGT is trading 3.1% higher in pre-market as investors rotate into gold miners following the formal end of the ceasefire and renewed U.S.–Iran military escalation.
- Rising geopolitical risks and higher oil prices are driving increased demand for traditional safe-haven assets.
- Fragile equity sentiment is further reinforcing the shift toward gold-linked instruments and miner positioning.
- As a 2x leveraged ETF, NUGT is amplifying the upward moves seen in underlying gold miner sector futures.