NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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At Close: Jun 04, 2026

Fed Leaves Rates Unchanged, Signals End Of Hikes

02:15pm, Wednesday, 13'th Dec 2023
The federal funds rate projection for 2024 was changed from 5.1% to 4.6%.
Falling Treasury yields provide some support to gold markets but traders stay cautious ahead of Fed decision.
The Fed's decisions and remarks from Chairman Powell will critically influence near-term financial market trends, from Treasury yields to Wall Street.
Gold prices are experiencing volatility, currently below $2,000, as investors weigh Federal Reserve signals and persistent U.S. inflation against a backdrop of strong labor market data.
Gold faces critical support at 1,976, signaling a potential deeper retracement from its recent high. The bearish shooting star raises concerns of a continued decline.
Gold and silver are losing ground as traders stay cautious ahead of tomorrow's Fed decision.
Inflation is above Fed's 2% target, so it remains to be seen whether Fed will signal that it is ready to cut rates in the first half of the next year.
Stronger dollar put additional pressure on precious metals markets.
Gold's bearish trend below the crucial $2,010 level, with resistance at $2,039, suggests potential challenges in reclaiming its previous highs.
(Kitco News) - According to some analysts, next week will be an important test for the gold market as a hawkish Fed could put downward pressure on a market that is already sensitive following Monday's
As gold faces a shakeout after recent highs, the spotlight is on support levels and potential rebounds.
(Kitco News) - Gold gave up much of its recent gains during the first full week of December trading. After posting its first-ever monthly close above $2,000 last Friday, then opening Monday's Asian tr

Will Gold Continue To Sparkle In 2024?

11:05am, Friday, 08'th Dec 2023
Global gold prices have touched record highs this month, extending a year-end rally that could continue if the U.S. economy slows as expected, the World Gold Council said in a report.
The report indicated that year-ahead inflation expectations declined from 4.5% to 3.1%.
Gold's stability above $2,030, amidst rate cut expectations and Fed uncertainty, signals a cautious yet optimistic market sentiment for precious metals.
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