🔴 Gold Miners ETF (NUGT) is trading 6.31% down as yields and a stronger dollar pressure gold

NUGT is trading at $135.81 (-6.31%) as higher Treasury yields and a stronger dollar weigh on gold and gold miners.

• Gold was near $4,160 ahead of the September CPI release.
• Markets were pricing substantial odds of a December Fed rate hike, adding pressure to non-yielding gold.
• CPI was scheduled for 8:30 a.m. ET; available evidence points to rate concerns and positioning ahead of the report, not a verified reaction to its result.