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 and silver prices are sharply lower in midday U.S. trading Thursday. The precious metals bulls were running for cover today amid sharp gains in the U.S. dollar index and in the aft

WTI Oil Pulls Back Amid Recession Worries

12:14pm, Thursday, 15'th Dec 2022
Natural gas rebounded above $6.60. Gold tested support at $1775.
Gold added to its Fed-day losses on Thursday as the dollar rebounded, adding to the pressure on gold and silver during what has been a volatile week for precious metals prices.
Inflation may be showing signs of slowing, but the Fed is committed to raising rates until it's convinced that it no longer is a problem.
(Kitco News) - While the world will see slower growth and higher inflation, it may not be the best environment for gold, according to one precious metals analyst.
Natural gas pulled back towards $6.60. Silver is moving towards the $24.00 level.
Gold futures edged lower early Wednesday, pulling back from a nearly six-month high, as investors grew cautious ahead of an expected rate hike from the Federal Reserve and remarks by Chair Jerome Powe
The final Federal Reserve monetary policy meeting of the year is this week, concluding after a two-day meeting on Wednesday the 14th with the statement released at 20:00 GMT.

Gold Rallies As U.S. Inflation Drops To 7.1%

09:00am, Tuesday, 13'th Dec 2022
WTI oil moved above the $74.50 level. Natural gas made an attempt to settle above $7.00.
The market reaction suggests investors are betting that cooler inflation data will influence the Fed enough to soften its aggressive rate hike stance.
(Kitco News) - Cooling inflation is helping to drive gold prices sharply higher as markets see the Federal Reserve slowing the pace of rate hikes into 2023.
Gold prices traded marginally higher on Tuesday while investors awaited the release of the November consumer-price index, a closely watched inflation gauge.
Ole Hansen, respected commodity strategist at Denmark's Saxo Bank, says $3,000 gold is possible once markets realize that global inflation will remain hot despite monetary tightening.

Goldman Sachs: gold to beat Bitcoin long term

04:59pm, Monday, 12'th Dec 2022
(Kitco News) - Gold is a more "useful portfolio diversifier," and it is expected to outperform Bitcoin in the long term, according to Goldman Sachs.
Goldman Sachs expects gold, with its real demand drivers, to outperform the highly volatile bitcoin in the long term, the bank wrote in a Monday research note.
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