🔴 Gold Miners ETF (NUGT) is trading 2.2% down today as gold prices ease

NUGT is trading 2.2% down as gold eases from recent highs; traders await Federal Reserve Chair Kevin Warsh’s August 28, 2026, Jackson Hole speech.

• Hawkish guidance, persistent inflation, or higher Treasury yields could pressure non-yielding bullion.
• Spot gold was reported down 0.5% near $4,576.30; futures eased 0.8% to $4,629.00.
• Profit-taking after gold miners’ strong August rally and NUGT’s sharp recent gains also weigh; broader equity indexes are nearly flat to slightly positive, suggesting weakness is concentrated in precious metals, not a broad selloff.