NUGT is trading at $179.32 (-5.48%) as gold prices retreat toward a two-week low and the 10-year Treasury yield rises near 4.79%, reducing demand for non-yielding bullion and pressuring leveraged gold-mining shares.
- Markets are repricing the possibility of further Federal Reserve tightening after Chair Kevin Warsh’s hawkish inflation comments.
- Renewed U.S.-Iran tensions and Japan’s surging bond yields are adding broader risk-off pressure, amplifying the sector decline.