🟢 Gold Miners ETF (NUGT) is trading 2.14% up in pre-market despite falling gold prices

NUGT is trading at $143.48, up 2.14% in pre-market despite lower gold prices; no NUGT-specific catalyst is confirmed.

• Spot gold was $4,113.50 on October 21, down 0.66% from the previous day.
• Recent bullion pressure has been linked to elevated oil prices, inflation concerns and expectations for higher interest rates, which can weigh on gold miners.
• Broader U.S. futures were modestly higher, but available evidence does not establish why NUGT is rising against the gold trend.