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Benzinga
Benzinga
Business
Melanie Schaffer

Crypto Crash, Recession Fears Push Investors To Gold: A Look At The Commodity And This 2X Leveraged Fund

Gold Crypto Recession NUGT NYSE Binance Bitcoin FTX

Direxion Daily Gold Miners Index Bull 2X Shares (NYSE:NUGT) was trading flat on Wednesday in consolidation after surging more than 12% on Tuesday.

The gold miners sector has suffered a long bear cycle, which started on April 18 of this year and caused NUGT to plunge about 73% between that date and the beginning of November.

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