NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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$164.80
+2.16 (+1.33%)
At Close: Jun 04, 2026
Volatility looms for gold as it navigates resistance at 2,041. Symmetrical triangle dynamics and compressed MAs hint at an imminent breakout, offering traders opportunities amid uncertainty.
Silver enjoyed a strong rebound after yesterday's sell-off while platinum made an attempt to settle back above the $900 level.
The appetite for risk is rising as U.S. indices test historic highs, which is bearish for gold markets.
The "power of the Fed's policy pivot should not be underestimated," according to UBS.
Gold struggles under high Fed rates, finding support at $2,029.83; Silver and Copper reveal bearish trends in key technical levels.
Gold's battle at key levels unfolds between the 20-Day MA and 50-Day MA. A potential bounce may signal a move towards the downtrend line and beyond.
Gold settled near the $2025 level, supported by demand for safe-haven assets. Silver pulled back towards $22.50 as gold/silver ratio tested new highs.
Gold gains amidst geopolitical tensions, attracting safe-haven demand, yet remains cautious ahead of Federal Reserve's policy decisions.
Precious metals are moving lower as traders react to U.S. Retail Sales data.
The share of builders cutting home prices declined from 36% in December to 31% in January.
As gold grapples with resistance, this week's price action reveals a battle for direction. A breakout above 2,062 could pave the way for a bullish ascent towards record highs.
Traders reduce their bets on dovish Fed, which is bearish for precious metals.
Amidst heightened Middle East tensions, gold's XAU/USD value dips, signaling caution in the spot market and potential Fed rate cut impacts.
Houthis have reportedly attacked a U.S.- owned ship near Yemen coast, boosting demand for precious metals.

New Highs Propel Gold Into 2024

11:16am, Saturday, 13'th Jan 2024
By Imaru Casanova, Portfolio Strategist, Gold and Precious Metals Spot gold climbs to a record high in 2023; the main drivers behind last year's gold rally should continue to support gold in 2024. Mon
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