🔴 Uranium and Nuclear Technologies ETF (NUCG.L) is trading 3.05% down after uranium prices fell

NUCG.L is trading at £40.65 (-3.05%) as uranium fell, weakening the commodity backdrop.

• Uranium fell to $89.35/lb on August 31, down 0.56%.
• Uranium and nuclear equities faced profit-taking after a strong August rally; Cameco recently fell 5.6% amid a broader sector pullback.
• Elevated oil prices, Middle East tensions and hawkish Federal Reserve expectations reduced broader risk appetite, adding pressure to volatile nuclear-growth holdings.