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CFDs come with a high risk of losing money rapidly due to leverage. 71% of accounts lose money when trading CFDs with this provider. You should understand how CFDs work and consider if you can take the risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

71% of retail investor accounts lose money when trading CFDs with this provider.


Gold Miners Index Bull

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The Gold Miners Index Bull (NUGT) is an exchange-traded fund (ETF) designed to provide investors with leveraged exposure to the performance of the NYSE Arca Gold Miners Index. The ETF aims to deliver twice the daily return of the underlying index.

It was launched by Direxion, a prominent provider of leveraged and inverse ETFs, and it went public to provide investors with an accessible way to gain exposure to gold mining companies. The fund's market capitalization, as of 21st June 2023, is $462.56 million.

Investors should note that the Gold Miners Index Bull is a leveraged ETF, meaning it is designed for short-term trading and may not be suitable for long-term investment strategies. Its performance is subject to various factors, including gold prices, mining company performance, and market conditions.

Over the past five years, it has experienced both significant highs and lows. The highest recorded price within this period reached around $225.50 in September 2019, reflecting a strong bullish sentiment in the gold mining sector. On the other hand, the lowest recorded price dipped to approximately $5.35 in March 2020, representing a period of bearish sentiment or adverse market conditions.

Throughout its history, Gold Miners Index Bull has garnered attention from traders and investors due to its leveraged exposure to the gold mining industry. The ETF provides a convenient means for market participants to speculate on gold mining stocks without directly investing in individual companies. However, it is important to note that the trajectory of its share price may change rapidly in response to shifts in the underlying index and market dynamics, making it subject to significant volatility. Investors should conduct thorough research and exercise caution when considering Gold Miners Index Bull or any leveraged ETF.

Before trading Gold Miners Index Bull, it is important to consider the competitors in the gold mining industry. Some key competitors worth considering include:

  • VanEck Vectors Gold Miners ETF (GDX): This ETF tracks the performance of gold mining companies and is a popular choice for investors seeking exposure to the gold mining sector.
  • iShares MSCI Global Gold Miners ETF (RING): RING provides investors with exposure to global gold mining companies, including both large and mid-cap stocks.
  • Newmont Corporation (NEM): As one of the largest gold mining companies globally, Newmont Corporation is a key player in the industry and its stock performance can be influential in the overall sector.

By considering the performance and market dynamics of these competitors, investors may gain a broader understanding of the gold mining sector and make more informed decisions when trading Gold Miners Index Bull.

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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.

Trade [[data.name]] with Skilling

All Hassle-free, with flexible trade sizes and with zero commissions!*

  • Trade 24/5
  • Minimum margin requirements
  • No commission, only spread
  • Fractional shares available
  • Easy to use platform

*Other fees may apply.

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Why Trade [[data.name]]

Make the most of price fluctuations - no matter what direction the price swings and without capital restrictions that come with buying the underlying asset.


Capitalise on rising prices (go long)


Capitalise on falling prices (go short)


Trade with leverage
Hold larger positions than the cash you have at your disposal


Trade on volatility
No need to own the asset


No commissions
Just low spreads


Manage risk with in-platform tools
Ability to set take profit and stop loss levels