NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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$164.80
+2.16 (+1.33%)
At Close: Jun 04, 2026

Investing in Gold Is Dumb

04:30pm, Friday, 23'rd Jun 2023
Stocks are better than gold for both generating wealth and offering protection against inflation.
Gold prices rebounded on Friday, helped by a retreat in U.S. Treasury yields and safe-haven buying, although a hawkish stance on rate-hikes from Federal Reserve officials meant bullion was heading for
The economy's dependence on services increased as the Services PMI report indicated a solid expansion in output in June.
Gold confirms bearish trend continuation, breaking down from a consolidation pattern and testing key support levels.
(Kitco News) - Gold will reach $3k by October as markets ‘melt up,' with the S&P expected to see at least 36 percent upside, according to David Hunter, Chief Macro Strategist at Contrarian Macro Adv

The Case for Gold

02:26pm, Thursday, 22'nd Jun 2023
It's been a good year so far for gold – up almost 9%, narrowly beating the S&P 500.
Gold futures retreated on Thursday and headed toward their lowest settlement level for a most-active contract since March following a wave of interest-rate hikes from global central banks.
A breakout above today's bullish doji hammer candlestick signals potential upward momentum for gold, with key levels to break needed for confirmation.
Major indices and precious metals are under pressure as traders bet that interest rates will stay high until the end of the year.
While in a retracement phase, gold awaits completion of retracement before resuming its upward trend, with a test of the lower boundary looming.

Gold Price Target Set At $2,075 Record Level

08:22am, Saturday, 17'th Jun 2023
By Joe Foster, Gold Strategist, and Imaru Casanova, Portfolio Manager, Gold and Precious Metals Tail risks have aided gold's sidewise rise Gold has been in a bull market for over seven years, rising
Silver tested the $24.00 level, while platinum faced strong resistance near $1000.
Consumer sentiment remains low by historical standards as consumers expect challenging times in the economy over the next year.

Markets Confident Despite Relative Hawkishness

05:15am, Friday, 16'th Jun 2023
After the ECB's expected hike and the Fed's openness to further tightening this week, most major currencies have gained against the dollar.
Bears lost control as the day progressed, leaving the bulls in charge and paving the way for a potential rally in gold into the coming days.
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