NUGT is trading at $195.81 (+3.89%) as gold prices recover from September 8 selloff, supporting leveraged exposure to gold-mining companies.
- Gold’s September 9 rebound follows pressure from stronger U.S. employment data, increasing expectations for a Federal Reserve rate hike and pushing non-yielding assets lower.
- The move appears sector-driven, not related to a single company; gold-miner equities recently amplified bullion movements.
- Broader U.S. equities are slightly lower; no major U.S. economic release is scheduled for September 9.