🔴 Gold Miners ETF (NUGT) is trading 5.2% down today on profit-taking after an 8% surge

Gold Miners ETF (NUGT) is trading 5.2% down at $158.81 in pre-market action as traders take profits following a significant rally.

• The pullback follows a sharp 8.08% surge to $167.52 on May 26, with the current move acting as a normalization of leveraged gains in a quiet macro environment.
• No major macroeconomic or gold-specific data is on the calendar, indicating the move is technical rather than a reaction to fresh economic news or Fed commentary.
• Broader U.S. index futures remain slightly positive, suggesting overall market risk appetite is still intact despite the volatility in gold miners.