NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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$162.64
-2.82 (-1.70%)
At Close: Jun 03, 2026
(Kitco News) - Gold prices have pushed to double-digit gains in late-morning trading Friday. Short covering by the shorter-term futures traders, after the recent solid price losses, is featured.
A string of recent losses has seen gold walk back from the $2,000-plus level, but Swiss bank UBS is among those who see a buying opportunity and a return to that price range.

Three reasons to buy gold, according to UBS

09:10am, Friday, 19'th May 2023
Gold is still on course to hit new all-time highs later this year, according to UBS, even though the price has dropped from the recent highs following progress with the US debt ceiling talks. At aroun

Gold edges higher after sliding to 7-week low

08:08am, Friday, 19'th May 2023
Gold prices edged higher on Friday after hitting a seven-week low as a stronger U.S. dollar weighed on the yellow metal.
U.S. dollar gains ground as Treasury yields test new highs after the release of the housing data.
(Kitco News) - The gold market fell to fresh daily lows after Philadelphia Federal Reserve said its manufacturing business outlook survey declined for the ninth month in May but saw an improvement fro
Gold futures fell to their lowest levels since late March on Thursday after logging their lowest settlement in seven weeks due to a stronger U.S. dollar and hopes for a deal to raise the U.S. debt cei
A Gallup poll found Americans are bullish on gold, which tends to rise in popularity as an investment during periods of fear and economic malaise.
Bearish triggers, including shooting star candle, amplify gold's downward momentum.
Silver has also found itself under strong pressure and moved towards $23.65.
Markets are choppy as traders stay focused on debt ceiling negotiations.
While Fed officials remain focused on the fight against inflation, the market believes that economic problems would force Fed to cut rates this year.
US debt default risks recession, job losses, and global impact; Treasury Secretary warns of delays, credit downgrade; experts estimate fallout.

Gold Payday on Fed's Gamble

11:38am, Saturday, 13'th May 2023
By Imaru Casanova, Portfolio Manager, Gold and Precious Metals; and Joe Foster, Gold Strategist Monthly gold market and economic insights from Imaru Casanova, Portfolio Manager and Joe Foster, Gold St
Gold bounces back from daily low, but it remains in a potentially bearish pattern that could lead to a deeper correction.
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