NUGT is trading at $109.06, down 12.71%, as higher oil prices and persistent U.S. inflation strengthened expectations of a possible December Fed rate hike, pressuring non-yielding gold.

  • U.S. GDP growth also exceeded expectations, adding to rate concerns.
  • Gold fell to its lowest level since mid-July on October 30, weighing on gold miners and NUGT’s leveraged exposure.
  • Trading remained active during the open session; volume details were unavailable.