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Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) rose 14.46%, and ProShares Ultra Silver (AGQ) rose 9.39%, as spot prices for both gold and silver increased by 4%-5%.
The rally was boosted by a weaker dollar, falling US Treasury yields, and market expectations of cooling inflation and an easing of geopolitical tensions. Despite today's sharp rebound, NUGT and AGQ are still down 33.25% and 56.47% year-to-date, respectively.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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