NYSEARCA:DBP

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$101.06
-4.82 (-4.55%)
At Close: Jun 05, 2026
Tony Zhang, Options Play chief strategist, joins 'Power Lunch' to discuss hedging with options for gold.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The gold market continues to see a lot of noisy strength, as we are looking forward to the FOMC interest rate decision, and the press conference afterwards. This is a market that will also be paying c
The upside breakout in gold prices has more room to run.
By RoboForex Analytical Department
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover

Gold price pausing as FOMC meeting looms

08:30am, Tuesday, 17'th Sep 2024
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
The rally on gold prices shows no sign of letting up, with the precious element touching all-time highs of U$2,580 (£1,951) on Tuesday. It comes amid expectations of an interest rate cut from the US
A 50-bp Fed rate cut could drive gold above $2,600, but a 25-bp cut may trigger a sell-off. Central bank demand and ETFs keep long-term gold outlook bullish.
As gold prices retreat to $2,576, the focus shifts to key support at $2,560. Will a breakdown lead to further bearish momentum?
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
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