NUGT is trading at $211.95 (-3.06%) after July PCE inflation exceeded expectations, lifting Treasury yields and reducing near-term expectations for Fed easing.

  • Profit-taking is reversing part of NUGT’s sharp multi-session rally.
  • Gold declined approximately 0.52% in early U.S. trading, pressuring leveraged gold-miner exposure.
  • The move appears sector-driven rather than company-specific, while caution ahead of Federal Reserve Chair Powell’s Jackson Hole remarks is limiting risk appetite.