NUGT is trading at $123.00, down 2.25%, as a broad precious-metals selloff weighs on gold miners.

  • Gold fell 2.31% by 8:05 a.m. ET, and miners weakened as bullion reached a more-than-three-month low.
  • Higher oil prices are stoking inflation concerns and expectations of interest rates staying higher for longer, weighing on non-yielding gold and mining shares.
  • Thursday’s sharp drop in NUGT’s prior close adds to the weak backdrop; no current volume data was provided.