NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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$164.80
+2.16 (+1.33%)
At Close: Jun 04, 2026
SP500 tested yearly highs as the report showed that U.S. economy remained strong despite Fed's rate hikes.
(Kitco News) - The gold market is holding on to solid gains as the Federal Reserve is playing its cards close to its chest, saying that future monetary policy will continue to depend on data.
(Kitco News) - Gold prices are moderately higher in afternoon U.S. trading Wednesday and have shown little initial reaction to the U.S. central bank raising its main interest rate by a small amount, w
The Fed remains committed to returning inflation to its 2% target.
Gold and silver are gaining ground ahead of the Fed Interest Rate Decision.
Economic resilience and strong job market support a soft-landing outlook, but wage inflation remains a concern allowing Powell to remain hawkish.
Silver and platinum are also moving higher amid rising demand for precious metals.
CB Consumer Confidence rose to its highest level since July 2021 as consumers' appraisal of the labor market improved.
Gold futures settled Monday at their lowest in a week, pressured by strength in the U.S. dollar ahead of the Federal Reserve's monetary policy decision due Wednesday. The U.S. central bank is expected
The pullback in silver markets continues as traders focus on stronger dollar and rising Treasury yields.
The report indicated that the overall rate of output growth was consistent with GDP expanding at approximately 1.5% at the start of the third quarter.

Analyzing Gold's Recent Correction and Outlook

04:36pm, Friday, 21'st Jul 2023
Gold's retracement continues, although it should be getting close to completing.
(Kitco News) - Gold's rally to a two-month higher at the start of the week has created some solid bullish sentiment in the marketplace; however, several analysts are also warning investors not to jump

Gold May Have Found The Bottom Near $1900

01:48pm, Friday, 21'st Jul 2023
Gold has a good chance to test all-time highs in 2023.
As investors increase their bets on a soft landing scenario, gold's price could rise at the expense of the U.S. dollar.
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