NUGT is trading at $214.00, down 2.12% from the August 25 close of $218.64, most likely reflecting profit-taking in leveraged gold-miner exposure.
- The move reverses part of its sharp multi-session rally.
- Gold and miners face a cautious overnight setup ahead of the August 26 release of second-quarter GDP, PCE inflation, personal income and spending, and durable-goods data.
- The releases could quickly shift Treasury yields, the dollar, and gold expectations.