NUGT ETF (NUGT) is trading 2.8% down today as firmer dollar conditions and softer bullion prices pressure gold miners following recent volatility.
- The move extends this week’s choppy trading, with the 2x leveraged product amplifying underlying sector weakness.
- Some investors appear to be taking profits following the ETF’s strong 12-month performance.
- Gold-related stocks are pulling back despite broader gains in the U.S. equity markets.