🔴 Gold Miners ETF (NUGT) is trading 3.9% down today as leveraged gold-miner products consolidate after a two-day rally

Gold Miners ETF (NUGT) is trading about 3.9% lower in pre-market at $164.00, pulling back as leveraged gold-miner products consolidate following a strong two-day rally.

• The ETF closed at $170.65 on May 29, 2026, after a surge driven by a softer dollar and lower yields.
• Risk appetite for metals-related assets is cooling today with no major macro data on the calendar to sustain the previous momentum.
• The downward move comes despite U.S. equity futures trading slightly higher, highlighting a divergence in sector-specific sentiment.