NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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$162.64
-2.82 (-1.70%)
At Close: Jun 03, 2026
Gold stalls near $3,358 as ADP and NFP data loom. Silver trades sideways at $36.04.
Gold climbs to $3,325 as dollar weakens and yields drop; silver tests $36.20. Traders await U.S. jobs data for short-term price direction.
Gold dips below $3,300 as risk sentiment improves, but Fed uncertainty and dollar weakness keep XAU/USD supported near key levels.
Gold consolidates at the support zone of the ascending triangle and awaits its next move, while silver prepares for a potential surge above $37.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The report indicated that confidence declined in all age groups and almost all income groups.
Fed's hawkish hold pressures silver prices. Industrial demand concerns and stronger yields limit upside.
Fed has also raised PCE inflation projections for 2025, 2026, and 2027.
Silver is finally out of gold's shadow and investors should be paying attention. While gold prices hover near record highs, silver is quietly stealing the spotlight.
The report showed that 37% of builders cut prices in June.
Gold is losing ground as traders take some profits off the table despite tensions in the Middle East.

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Cryptocurrencies fell Friday after Israel launched a wide-ranging strike on Iran and its nuclear program.
May CPI data could show tariff-driven inflation in core goods. Traders watch for signs that may delay Fed rate cuts and impact dollar, yields, and gold.
Platinum has also pulled back after the strong rally.
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