NUGT is trading 7.8% up today as gold-mining equities rebound ahead of the U.S. CPI release and amid escalating U.S.–Iran tensions.
- The 2x leveraged ETF is benefiting from increased demand for safe-haven assets as geopolitical risks support the gold sector.
- Investors are positioning ahead of the 8:30 AM EST inflation data, which is expected to drive significant volatility in precious metals.
- Leveraged exposure is amplifying overnight strength in the gold-mining sector following several days of market volatility.