NUGT Falls 17% as Gold Drops 3%, Highlighting Risks of Leveraged ETFs

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) fell sharply by 17.27% on June 5, 2026, while gold bullion dropped only 3%. The move underscored the risks of leveraged ETFs as NUGT's performance diverged significantly from its underlying index and non-leveraged counterpart GDX.

By Austin Smith Sun, June 7, 2026 at 9:30 PM GMT+3 6 min read · Yahoo Finance · June 7, 2026, 18:30 UTC

NUGT Falls 17% as Gold Drops 3%, Highlighting Risks of Leveraged ETFs

Tickers: $GDX $NUGT

Topics: ETFs GDX gold leverage NUGT

Read the full article at Yahoo Finance

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