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NUGT News and Press, Direxion Daily Gold Miners Index Bull 3X Shares From 06/22/23

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Company Name: Direxion Daily Gold Miners Index Bull 3X Shares
Stock Symbol: NUGT
Market: NYSE

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NUGT - Gold falls to fresh three-month lows after burst of central bank rate hikes

2023-06-22 12:55:15 ET Gold futures slumped Thursday to the lowest level since mid-March following more hawkish talk from Federal Reserve Chairman Jerome Powell and a wave of interest rate increases from overseas central banks, including a surprise 50 basis point hike from the Bank of Eng...

NUGT - Gold slides to three-month lows on strong U.S. housing data, higher dollar

2023-06-20 16:30:08 ET Gold prices tumbled to three-month lows Tuesday, pressured by strength in the U.S. dollar following upbeat data on May housing starts and building permits, while investors looked ahead to testimony by Federal Reserve Chairman Jerome Powell starting Wednesday. Cons...

NUGT - Gold posts third straight drop with pause in Fed rate hikes priced in

2023-06-13 15:57:49 ET Gold futures fell for a third straight session Tuesday after data showed a modest rise in U.S. consumer prices ahead of tomorrow's Federal Reserve policy announcement. The Fed is widely expected to pause its interest rate hikes, which analysts say already is price...

NUGT - NUGT: Leverage And Compounding Has Made This Gold Miners 2x ETF Unattractive

2023-06-12 04:57:54 ET Summary Gold production is higher than gold consumption, which might be a reason for gold prices not skyrocketing, despite the current uncertain economic scenario. Even if gold prices go up, NUGT may not be the best option to capture it due to the complexiti...

NUGT - Gold recoups losses as dollar, yields drop after jobless claims data

2023-06-08 17:45:43 ET Gold futures rebounded Thursday from their lowest close since mid-March, helped by weakness in the U.S. dollar following U.S. data showing a surge in the number of people who applied for unemployment benefits to a nearly two-year high. Following news that jobless ...

NUGT - Gold tumbles to lowest since March as U.S. yields hit fresh June highs

2023-06-07 15:33:18 ET Gold futures sank to their lowest in two-and-a-half months on Wednesday, as U.S. Treasury yields settled at their highest levels of the month and signaling rate hiking cycles likely are not ready to end. The Bank of Canada's surprise decision to raise interest rat...

NUGT - Gold clings to weekly gain after falling Friday on mixed jobs data

2023-06-02 17:45:55 ET Gold eked out its first weekly gain after three consecutive declines, as hotter than expected U.S. jobs data lifted Treasury yields and a higher unemployment rate sparked renewed hopes the Federal Reserve would pause its path of interest rate hikes. Riskier a...

NUGT - Gold and silver slide to two-month lows on debt talks optimism, rate hike bets

2023-05-25 18:54:38 ET Gold and silver futures fell Thursday for a fourth straight session, with prices for both metals settling at their lowest since late March on apparent progress in the U.S. debt ceiling talks and strong economic data that sparked bets of another rate hike by the Federa...

NUGT - UBS sees three reasons to buy gold, with drop below $2,000 an opportunity

2023-05-19 09:57:26 ET Gold has pulled back from the $2,000-plus level and now lags 4% below its YTD high reached earlier this month, but analysts at UBS believe the yellow metal will still break its all-time high later this year and see three reasons to buy gold right now . Central...

NUGT - Mining stocks tumble as gold prices on track for worst week since October

2023-05-18 11:30:35 ET Newmont ( NYSE: NEM ) is the worst performing stock on the S&P 500 in Thursday's trading, -3.6% , as gold futures fall to a six-week low on signs the U.S. is progressing toward a debt ceiling deal and with initial jobless claims declining more than exp...

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