NUGT is trading $123.34, up 9.51%, as gold’s move above $4,000 likely lifted gold-mining shares. - Gold rose above $4,000 as Democratic midterm victories weakened the dollar and Treasury yields, supporting bullion demand. - NUGT’s leveraged exposure can magnify sector moves. - Investors also watched for Friday’s U.S. payrolls report for clues on the Fed’s policy path.