🔴 Gold Miners ETF (NUGT) is trading 2.2% down in pre-market on renewed rate-hike concerns

NUGT is trading at $188.30 (-2.16%) as rate-hike concerns revive ahead of U.S. inflation data.

• Gold futures fell 0.4%; expected August PPI and core PPI are 0.4% and 0.3%, respectively.
• Oil above $100 is lifting inflation and Treasury-yield risks, while renewed U.S.-Iran tensions are worsening risk sentiment and pressuring precious-metals equities.
• The setup weighs on leveraged gold-miner exposure despite gold remaining near $4,400 per ounce.