NUGT surged 14% and AGQ jumped 9% today, but both funds remain deeply negative for 2026 despite the rally.
Kinross posted record free cash flow of $840 million in Q2; Gold Fields grew production 15% at a $4,855/oz realized gold price.
NUGT's 10-year return of -79% shows how daily-reset compounding decay can devastate leveraged ETF holders over any multi-day window.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Leveraged precious-metals ETFs are the standouts on Wall Street this session, with the Direxion Daily Gold Miners Bull 2X Shares (NYSEARCA:NUGT) surging 14.46% and the ProShares Ultra Silver (NYSEARCA:AGQ) climbing 9.39% as both gold and silver spot prices rally, both up between 4% and 5%. The SPDR Gold Shares (NYSEARCA:GLD) is up 4.3% on the session, and traders are attributing the metals bid to a softer US dollar, easing Treasury yields, and market expectations around cooling inflation and geopolitical de-escalation. Those are the catalysts being cited on desks rather than any single confirmed event.
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Kinross posted record free cash flow of $840 million in Q2; Gold Fields grew production 15% at a $4,855/oz realized gold price.
NUGT's 10-year return of -79% shows how daily-reset compounding decay can devastate leveraged ETF holders over any multi-day window.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Leveraged precious-metals ETFs are the standouts on Wall Street this session, with the Direxion Daily Gold Miners Bull 2X Shares (NYSEARCA:NUGT) surging 14.46% and the ProShares Ultra Silver (NYSEARCA:AGQ) climbing 9.39% as both gold and silver spot prices rally, both up between 4% and 5%. The SPDR Gold Shares (NYSEARCA:GLD) is up 4.3% on the session, and traders are attributing the metals bid to a softer US dollar, easing Treasury yields, and market expectations around cooling inflation and geopolitical de-escalation. Those are the catalysts being cited on desks rather than any single confirmed event.
#shares
2 months ago
