🔴 NUGT is trading 12.7% down today as hawkish Fed expectations and rising energy costs pressure margins

NUGT is trading sharply lower, down 12.7% to $167.07, as hawkish Federal Reserve expectations lift real yields and weigh on gold prices.

• Surging energy costs are squeezing profit margins for gold miners, adding to sector-wide selling pressure.
• A broader risk-off move in equities is amplifying volatility in this 2x leveraged product, magnifying underlying weakness.
• The move extends a multi-day decline for the ETF as it reacts to shifting macroeconomic conditions.