NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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$162.64
-2.82 (-1.70%)
At Close: Jun 03, 2026

Michigan Consumer Sentiment Declined To 68.9

10:12am, Friday, 11'th Oct 2024
At current levels, Consumer Sentiment is 8% stronger than a year ago.
On a year-over-year basis, Core PPI exceeded analyst estimates.
The precious metals rally appears to have reached an important juncture. Yesterday I wrote about Silver and a potential inflection point.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter

Core Inflation Rises To 3.3%

08:47am, Thursday, 10'th Oct 2024
Initial Jobless Claims increased to 258,000, raising worries about the situation in the job market.
Rising Treasury yields put additional pressure on gold markets.
Gold prices have seen a decline recently, marking a sixth consecutive day of losses. The drop continues as market participants adjust their expectations about significant interest rate cuts and focus
Gold is heading towards the psychologically important $2600 level.
Nikkei 225 slides as Japan's household spending rebounds, boosting Yen demand. Hang Seng suffers tech and real estate losses post-China holiday.
Silver and platinum are moving lower as demand for precious metals declines.
US Jobs Report boosts risk appetite, fuels Asian stock gains. Nikkei 225 and Hang Seng advance as investors eye the Middle East conflict.
Asian markets diverge: Hang Seng surges, ASX dips on Fed outlook, and Nikkei declines despite weaker yen, as China stimulus drives HK demand.
24/7 Wall St. Key Takeaways: Gold provides stability and a means of diversification, though it doesn't appreciate as much as other assets.
David Stryzewski expects to see a bull market for the short-term, but isn't convinced on the Fed's rate cut direction. He says, "I don't think inflation is under control.
Rising Treasury yields put significant pressure on gold markets today.
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