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 Reserveβs 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.