NYSEARCA:DBP

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$101.06
-4.82 (-4.55%)
At Close: Jun 05, 2026
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

Gold price near steady as Fed's Powell on deck

08:56am, Tuesday, 09'th Jul 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
The gold market continues to see a lot of noise, as we are hanging about in the middle of a large consolidation area. Because of this, the market will more than likely be a situation where the buyers
Dovish Powell comments and cooling inflation data could drive gold prices significantly higher.
Gold (XAU) is currently priced at $2,358.09, with a 73% chance of a Fed rate cut influencing market trends.
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.
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.
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
Speaking exclusively with TheStreet, Hedge fund manager Jeff Muhlenkamp highlighted Newmont as his single best trade. Muhlenkamp described Newmont as a compelling investment with significant upside po
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 has shown itself to be a bit soft in the early hours of Monday, but still continues to look very strong, and has recently seen a lot of buyers jump into the market on any given chance.
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 outlook for Gold is bullish despite today's pullback, however, volatility is expected as traders await CPI data and Fed communications.
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