🔴 Gold Miners ETF (NUGT) is trading 3.71% down in pre-market as hawkish Fed tone pressures bullion

NUGT is trading at $127.63 (-3.71%) in pre-market as a hawkish Fed tone pressured bullion and gold miners. - Markets digested the Fed’s rate hold and Chair Warsh’s hawkish tone as investors awaited U.S. inflation data. Spot gold fell 0.7% to $4,037.98 per ounce. - Oil-fueled inflation concerns and elevated Treasury yields weighed on non-yielding bullion. NUGT’s pre-market decline was sharper than bullion’s reported move; pre-market volume was not provided.