NYSEARCA:DGP

Db Gold Double Long Etn ETF News

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$164.80
+2.16 (+1.33%)
At Close: Jun 04, 2026
Goldman Sachs analysts said in a note Sunday that gold's "shine is returning."

Is gold on the cusp of a Santa Claus rally?

05:12pm, Friday, 24'th Nov 2023
(Kitco News) - We have mentioned a few times in this weekly note that although gold is stuck, there are worse places to be than within striking distance of $2,000 an ounce.
While the bullish pennant is a promising pattern, caution prevails until its trigger, keeping gold susceptible to short-term downside risks.
(Kitco News) - The gold market has managed to reclaim the $2,000 level as it looks to end its second consecutive week in positive territory.
U.S. dollar's weakness provides support to precious metals.
Composite PMI remained unchanged as service providers enjoyed a fractional uptick in the rate of output growth.
Gold's current market position, bolstered by central bank investments, reflects its status as a hedge against inflation amidst global economic uncertainty.
(Kitco News) - According to the Ministry of Energy and Mines of Peru (MINEM), gold production in Peru, the world's tenth largest gold producing country, was 8,908 kg (286 koz) in September 2023, up 13
Platinum pulled back below $920 amid profit-taking.
(Kitco News) - As mainstream, leading financial institutions like Goldman Sachs downplay the likelihood of a U.S. recession in 2024, Tavi Costa, Partner and Macro Strategist at Crescat Capital, warns
As gold takes a breath in its journey, eyes are on 2,009 resistance. Short-term dips may offer strategic entry points for investors eyeing record highs.
Gold prices are headed for all-time highs, according to Fundstrat's Mark Newton. A move above $2,009.41 per ounce should lead to the $2,060-$2,080 range, he said in a note.
U.S. dollar's rebound put significant pressure on precious metals today.
Gold's resilience is underscored by its stance above pivotal support levels, suggesting a cautious but bullish outlook in the wake of Fed minutes
Fed expects that data arriving in coming months would help clarify the extent to which disinflation process was continuing.
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