NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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According to the report, builders are increasingly cutting home prices to boost sales.

Gold Nears Record High As Fed Rate Cut Looms

09:43am, Tuesday, 16'th Jul 2024
Gold prices have surged, reaching $2430 per troy ounce on Tuesday, flirting with historic highs. The recent spike in gold prices is largely attributed to comments made by Federal Reserve Chairman Jero
Gold is moving towards the $2450 level.
Precious metals continue to show strength this year with Gold breaking out to new all-time highs. Could things get even more bullish for Gold?
The higher-than-expected PPI reports did not put pressure on gold markets.
DXY outlook remains bearish short-term, but traders should brace for volatility as markets process conflicting economic data.
Long-run inflation expectations declined from 3.0% in June to 2.9% in July.
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
U.S. stocks traded mostly lower toward the end of trading, with the Nasdaq Composite dipping 2% on Thursday.
The strong pullback in Treasury yields provided significant support to precious metals markets.
The latest inflation data points to a bullish short-term outlook for risk assets and gold, while suggesting potential weakness for the U.S. dollar.
Falling Treasury yields provided additional support to gold markets.
Powell's cautious tone and the market's increasing bets on rate cuts are likely to keep pressure on the U.S. Dollar Index.
Gold markets did not show strong reaction to Fed Chair Powell's testimony.
Fed needs more good data to strengthen its confidence that inflation is moving sustainably towards its 2 percent target.
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