🔴 Gold Miners ETF (NUGT) is trading 4.15% down in pre-market as elevated yields pressure bullion

NUGT is trading at $138.95, down 4.15%, as elevated Treasury yields and rate-hike expectations weigh on gold. - Gold was near $4,160 ahead of September CPI. - A strong dollar and inflation uncertainty reinforced pressure on gold miners after NUGT declined 2.89% on October 13. The pending CPI release was a key near-term macro risk for metals and mining shares.