NUGT is trading at $123.75, up 2.21% in pre-market versus the October 23 close of $121.08, as gold steadies and edges higher after last week’s sharp decline, easing pressure on gold miners.
- Oil pulled back from recent highs as traders assessed Middle East tensions and the upcoming Fed meeting.
- The rebound comes amid a broader miner downturn: nearly 92% of GDX constituents were below their 50-day average, while interest-rate concerns continued to weigh on the sector.