🔴 NUGT is trading 6.5% down today as hawkish Fed expectations and rising energy costs pressure gold mining margins

NUGT is trading 6.5% down today as persistent inflation and hawkish Fed expectations pressure gold mining margins and valuations.

• Leveraged gold-miner exposure continues to face weakness following several down sessions and rising energy costs.
• Broader risk-off sentiment in equity futures is accelerating a rotation away from volatile sector ETFs after recent oil-price shocks.