NUGT is trading 3.7% higher today as gold-miner equities stage a relief rally following a sharp multi-day slide and a spike in bond yields.
- The move reflects moderating pressure on gold prices as bond yields ease slightly from Tuesday's spike.
- As a 2x leveraged ETF, NUGT is amplifying the sector's bounce as broader risk sentiment stabilizes.
- The recovery comes as market participants position themselves ahead of key macro data and upcoming earnings catalysts.