NUGT is trading at $189.88, down 2.36%, as gold fell to a nearly two-week low after Federal Reserve Chair Kevin Warsh indicated further rate hikes may be necessary to contain inflation.

  • Higher-rate expectations pressure non-yielding bullion and gold-mining shares; escalating Middle East tensions are raising inflation concerns rather than sustaining safe-haven demand.
  • Gold was reported down 0.3% on August 31, 2026, after a 3% drop on August 28, 2026; NUGT’s leverage amplifies weakness across gold-mining equities.