PowerShares DB Gold Double Short ETN Stock News

U.S. inflation jumped in March, surpassing expectations primarily due to higher petrol and shelter costs, dashing hopes of a June interest rate cut by the Fed.

These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.

While the debt-ceiling impasse, bets on Fed rate hike pause and recession fears are driving gold higher, a stronger dollar and rise in yields are weighing on the yellow metal.

Water ETF and double short gold ETN traded with an outsized volume on yesterday.

Gold prices are under pressure on rising greenback and Fed rate hike worries.

Gold prices dropped for a sixth straight session to touch their lowest in more than three weeks due to a rising dollar.

Given the abrupt changes in gold price and an uncertain outlook, investors should place their bet on gold ETFs cautiously or take advantage of the quick turn in sentiment with the help of leveraged or

Gold prices lost 3.3% in the past five days (as of Apr 27, 2022) and 3.5%past month on faster-than-expected Fed rate hike speculation.

So far this year, the gold bullion ETF has lost 1.3% against 10.7% gains in the S&P 500.

Gold dropped to the lowest level in more than two months with many analysts expecting the price to decline further in the near term.

The big gold-ETF buying that catapulted gold higher into early August has gone missing in action since then.

Nothing prevents gold from being influenced by its main fundamental factor - the US real rate. The growth in money supply in the US in recent months will not necessarily lead to much higher inflation�

Following the massive liquidity injection from central banks, the probability of a sudden unexpected rise in inflation expectations is certainly non-negligible.

Fear factor is still strong and in favor of gold as investors fear a second shutdown. Inflation expectations are on the rise, further boosting gold's prospects.

Globally, gold-holding in ETFs increased for the ninth straight month in August with the appetite for gold notably increasing in Asian markets.