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: takes a licking and keeps on ticking

04:19pm, Friday, 07'th Jul 2023
(Kitco News) - It doesn't matter how much is thrown at the gold market; despite its recent price performance, it remains a highly resilient asset.
Breaking above last week's high would confirm gold's strength and signal a potential bullish reversal, supported by the developing bottom pattern reminiscent of previous price action.
Falling Treasury yields put pressure on the U.S. dollar but did not provide strong support to major indices.
Gold and platinum are also losing ground amid a broad pullback in precious metals markets.
(Kitco News) - The Federal Reserve's aggressive monetary policy stance to bring inflation down to their 2% target continues to take a toll on gold as prices struggle to hold above $1,900 an ounce.

Gold Outlook for the Rest of 2023

01:01pm, Thursday, 06'th Jul 2023
The Federal Reserve's Federal Open Market Committee (FOMC) has four more meetings on its calendar for 2023, one each in July, September, October/November and December.
The report did not provide support to riskier assets as traders remained focused on rising yields.
Despite a rise in North American holdings, gold-backed exchange-traded funds (ETFs) endured net outflows in the first half as interest rate rises spooked investors.
After gold ended the first half of this year on a positive note, the World Gold Council said it sees potential for a further rise in prices for the precious metal, but it also warned that risks to tha
It was a relatively quiet morning. However, the Australian trade surplus widened in May, supported by a 4.4% jump in exports and a 2.5% increase in imports.
A bullish reversal pattern emerges as gold breaks above last week's high, awaiting confirmation.

FOMC Minutes Show Fed Is Ready To Raise Rates

02:32pm, Wednesday, 05'th Jul 2023
Some Fed officials wanted to raise the federal funds rate by 25 bps in June.

Gold in Early Stages of Bullish Reversal

04:13pm, Tuesday, 04'th Jul 2023
A rally above last week's high of 1,933 would break the nine-week pattern and point to higher prices.
Precious metals are moving higher while traders wait for additional catalysts.

ISM Manufacturing PMI Drops To New Lows

10:19am, Monday, 03'rd Jul 2023
The ISM data indicated that U.S. manufacturing sector remained under strong pressure.
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