NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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$164.80
+2.16 (+1.33%)
At Close: Jun 04, 2026
Gold is poised for record highs in 2024, bolstered by dovish U.S. rate shifts, geopolitical tensions, and central bank buying, with spot gold already up 13% in 2023.

3-Stock Lunch: CRM, DG & Gold

03:19pm, Friday, 29'th Dec 2023
Boris Schlossberg, BK Asset Management managing director, joins 'Power Lunch' to discuss three stocks: Salesforce, Dollar General and Gold.
Fitch forecasts 2.1% global growth in 2024, down from 2.9%, urging investors towards defensive stocks, bonds, and diverse assets for stability.
Platinum pulled back towards the $1000 level amid profit-taking.
Markets stay calm as traders prepare for the next year.
Gold remains bullish despite a minor correction, with expectations of Fed rate cuts strengthening its appeal; set to end 2023 with over 13.50% gains
As Gold tests limits, a bearish reaction at 2,091 suggests caution. Support at 2,031 becomes pivotal as the precious metal aims for a sustainable ascent.
Platinum managed to climb above the key $1000 level.
Unexpected rise in unemployment claims indicates a shifting job market, despite a stable four-week average and mixed state trends.
Gold's sustained appeal, reflected in its steady prices around $2,078, is bolstered by investor optimism about Fed rate cuts, driving a modest rise in February futures amid cooling U.S. inflation.
Gold prices are ending a big year on an up note, ripping to another record this week as Treasury yields and the dollar extend declines on expectations the Federal Reserve will soon be cutting interest
As gold tests resistance at 2,082, the series of higher daily lows and signs of buyer dominance hint at a continued upward trajectory.
U.S. dollar's weakness serves as the key bullish catalyst for precious metals.
Gold's strength is evident across various timeframes, from the monthly chart confirming a bullish continuation to weekly signals post-retracement, suggesting a potential upside breakthrough.
Demand for precious metals stays strong as traders focus on potential rate cuts in the first half of the next year.
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