🟢 Gold Miners ETF (NUGT) is trading 3.1% up in pre-market as gold rebounds on retreating yields

NUGT is trading at $136.25, up +3.06%, as gold rebounded more than 1% in Asian trading after falling to a one-week low.

• Gold’s rebound supported gold-miner shares and the leveraged NUGT ETF.
• Treasury yields retreated from post-CPI highs and the dollar eased, lifting bullion despite the hotter-than-expected September inflation report.
• The previous session’s hot CPI pressured gold by reviving Fed rate-hike expectations; Thursday’s rebound appears to be a counter-move as yields and the dollar pulled back.