NYSEARCA:UGL

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$51.18
-4.03 (-7.30%)
At Close: Jun 05, 2026
Gold price hits a record $2,942 but risks a reversal as Powell's testimony looms. Will Fed policy trigger a correction or fuel a rally?
Powell's testimony may impact S&P 500, gold, and Treasury yields as traders watch for signals on inflation, rate cuts, and tariff risks ahead of CPI data.
Anna Edwards, Kriti Gupta and Mark Cudmore break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." -------- More on Bloomberg Television and Markets Like this video
Trade war fears and AI sector momentum drive global markets. Hang Seng drops, ASX 200 stabilizes, and US stocks gain ahead of key inflation data.
Gold (XAUUSD) price surged to a fresh record past $2,900 Monday as President Trump announced 25% tariffs on steel and aluminum imports and investors brace for inflation data later this week.
Peter Boockvar, Bleakley Financial Group Chief Investment Officer, joins 'Fast Money' to talk how the White House is attempting to reign in the budget deficit.

Gold prices pass $2,900 to record high

04:00pm, Monday, 10'th Feb 2025
President Donald Trump has proposed tariffs against several countries, including Mexico, Canada, and China, and recently suggested 25% tariffs on all aluminum and steel imports to the United States. W
Shares of gold producers and explorers climbed on Monday as gold hit a new record high above $2,900 per ounce. The yellow metal was up 1.6% at $2,933.60 on Monday afternoon.
Spot gold tested historic highs as traders focused on trade wars.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
Gold was shining bright Monday morning, as investors monitored the tariff front for expected developments this week.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover
Global holdings in gold-backed exchange-traded funds (ETFs) have risen at the start of 2025 thanks to soaring European inflows. That's according to latest data from the World Gold Council (WGC).
The gold market has eclipsed the psychologically important $2900 level on Monday in the early hours of trading. At this point, it remains “buy on the dips.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter
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