🔴 NUGT is trading 4.2% down today on sticky inflation and surging energy costs

NUGT is trading 4.2% down today as persistent inflation and surging energy costs weigh on the gold mining sector.

• April CPI rose 3.8% YoY, exceeding forecasts and slashing hopes for Federal Reserve rate cuts.
• Brent crude hit ~$108/bbl amid Middle East tensions, increasing operational pressure on miners.
• The leveraged ETF is extending losses from its $200.95 close on May 13, underperforming broader markets which are trading modestly higher.