🔴 Gold Miners ETF (NUGT) is trading 6.54% down on October 29, 2026, amid Fed hike concerns

NUGT is trading at $123.89, down 6.54%, as oil-driven inflation concerns and expectations of tighter Fed policy weigh on gold.

• Gold fell to a more-than-two-week low.
• The Fed held rates at 3.75%–4.00%; two officials dissented in favor of a hike, adding pressure on non-yielding gold.
• NUGT’s leveraged exposure amplifies weakness across gold miners when bullion retreats; the supplied price context does not include today’s trading volume.