NUGT is trading at $141.32, up +6.50% pre-market as an overnight gold rally supports mining shares.
- Gold climbed nearly 2% overnight to a two-week high, supported by a weaker dollar and lower Treasury yields after the Democratic congressional sweep; gold gained about 3.4% Wednesday.
- As a leveraged gold-miners ETF, NUGT’s move was amplified; it rose 17.81% in the November 4 regular session.
- No major U.S. economic indicators are scheduled for November 5; attention remains on upcoming jobs data.