🔴 Gold Miners ETF (NUGT) is trading 3.5% down today, extending weakness on hawkish Fed sentiment and a stronger dollar

Gold Miners ETF (NUGT) is trading 3.5% lower, continuing its slide amid broader pressure on precious metals.

• The decline is influenced by a strengthening U.S. dollar and rising bond yields, which dampen demand for non-yielding assets like gold.
• Hawkish signals from the Federal Reserve and ongoing geopolitical tensions are also contributing to negative sentiment in the sector, continuing the trend from the previous session.