🔴 Gold Miners ETF (NUGT) is trading 6.2% down today after strong payrolls reduced Fed easing hopes

NUGT is trading at $188.12, down 6.20%, after strong August payroll growth reduced expectations for near-term Federal Reserve easing.

• Payroll growth reached 162,000, versus approximately 53,000–55,000 expected.
• Higher yields and a firmer U.S. dollar pressured gold; spot bullion was near $4,402.40, down 1.56%, weighing heavily on leveraged gold-miner exposure.
• Gold futures had already declined 0.4% before the jobs release as traders positioned cautiously.