NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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$164.80
+2.16 (+1.33%)
At Close: Jun 04, 2026
Gold's struggle at support: Downtrend challenges 78.6% Fibonacci and 200-Day EMA, eyes on potential breakouts and resistance.

Inflation in the US Displayed a Minor Growth

10:22am, Friday, 11'th Aug 2023
Low “market fear” and volatility of stocks and cryptos at historical lows.
Consumers did not notice material differences in the economic environment from last month.
The U.S. Dollar has been in a choppy rising trend higher since bottoming in 2007/2008. You can see that rising channel in today's long-term chart (below).
(Kitco News) - The gold market is seeing some modest selling pressure, with spot gold giving back nearly all its gains on the day after U.S. wholesale price pressures rose more than expected, renewing
Precious metals moved higher as traders reacted to U.S. inflation reports.
Gold and silver prices echo inflationary trends, while heightened CPI may delay end of rate hike cycle; core inflation demands Fed vigilance.
Precious metals remain under strong pressure as traders focus on the weak economic data from China.
The report showed that recession fears waned but inflation concerns revived.
Silver gained strong downside momentum and moved towards the $23.00 level.

When Markets Get Scary, Mom and Pop Buy Gold

10:00am, Monday, 07'th Aug 2023
Swings in stocks and bonds have boosted the metal's popularity with ordinary investors.
(Kitco News) - Financial markets were hit with surprise this week when late Tuesday, Fitch downgraded the U.S. Long-Term Foreign-Currency Issuer Default Rating to 'AA+' from 'AAA.'
Gold market witnesses an intriguing shift with a bullish reversal and outside day. Technical indicators hint at a potential upward trend, but further confirmation is crucial.
The pullback in Treasury yields provides additional support to precious metals.
Treasury yields declined as U.S. economy's job growth missed analyst estimates.
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