NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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$162.64
-2.82 (-1.70%)
At Close: Jun 03, 2026
As we move deeper into the current cycle, the next several weeks will be critical in determining whether the precious metals breakout gains traction or falters.
Silver's surge helped close the performance gap between the two precious metals this year.
US Dollar Index slips as weak ADP jobs and ISM services data spark Fed rate cut talk. Traders eye support near 97.92 ahead of nonfarm payrolls.
The report indicated that the services sector moved into contraction territory.
The Trump trade war has triggered strong selling pressure in the US Dollar, pushing Gold, EUR/USD and AUD/USD higher, while USD/CHF hovers on the edge of a long-term breakdown.
Gold consolidates below $3,365, silver under $34.79; traders watch for breakouts amid Fed expectations and global risk sentiment.
China's PMI falls below 50, stoking economic fears amid renewed US trade frictions.
Gold rose in the early Asian session after President Trump on Friday threatened to double tariffs on imports of steel and aluminum.
PCE inflation cooled to 2.1% in April, boosting Fed rate pause bets. Traders eye stable policy as disinflation and easing demand reshape outlooks.
U.S. dollar's pullback provided significant support to gold markets.
US court halts Trump's Liberation Day tariffs. Legal blow to Trump's trade war strategy raises questions over prior tariffs on China.
Fed wants more clarity on the outlooks for inflaton and economic activity.
Average 12-month inflation expectations declined from 7% in April to 6.5% in May.
Gold prices steady near $3,322 amid Fed rate cut expectations, a weaker USD, and geopolitical risks shaping cautious sentiment.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
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