NUGT is trading 3.5% higher in after-hours trading, extending a rebound that began during the July 29, 2026, session as gold-mining shares recover.

  • The move follows the Federal Reserve’s FOMC statement, which investors interpreted as hawkish but patient, providing support to the mining sector.
  • Heightened Middle East tensions have increased demand for gold-related assets, with investors rotating into the leveraged ETF as a defensive hedge.