🟢 Gold Miners ETF (NUGT) is trading 2.54% up in pre-market as gold rebounds after selloff

NUGT is trading 2.54% up in pre-market as gold stabilized overnight following the August 26 selloff.

• July headline PCE inflation rose 3.7% year over year, lifting Treasury yields and initially pressuring non-yielding bullion; spot gold subsequently steadied, while December gold futures were recently higher.
• The move appears sector-driven rather than company-specific, with leveraged gold-miner exposure amplifying gold’s overnight rebound.
• Broader equity futures are also higher, supporting risk sentiment, although elevated yields and Friday’s Jackson Hole focus remain risks.