DB Gold Double Long ETN (DGP)
Gold Price Continues Fall As Expectations Of An Interest Rate Hike Grow
Gold had been on a significant upswing throughout August, ending what had been a mostly stagnant summer, before the price began declining late last week. Earlier this month, the Treasury Department announced it would ramp up buybacks of long-dated government debt, a move analysts said helped gold's price spike.
Gold Price Fall Deepens After Warsh Inflation Speech, Renewed Iran Tensions
The price of silver is also down slightly on Monday after falling further late last week. Silver futures are priced about $66 per ounce as of shortly after 10 a.m.
DGP vs. UGL: Which 2x Gold Play Costs You More Than the Leverage?
Investors looking for 2x daily exposure to gold typically land on two tickers: DB Gold Double Long ETN (NYSEARCA:DGP) and ProShares Ultra Gold (NYSEARCA:UGL).
Gold Is Hitting New Highs: One 2x ETF Is Doubling Every Move
Gold has been one of the strongest assets over the past year, and the DB Gold Double Long ETN is built to capture every bit of that move at twice the speed.
DGP: Overextended Leveraged Gold Fund
The DB Gold Double Long ETN is up over +100% year-to-date, benefiting from the parabolic rally in gold prices. However, the asset is now considered severely overbought. DGP is an Exchange-Traded Note, a debt obligation issued by Deutsche Bank, not an ETF. Investors face counterparty risk (Deutsche Bank's credit/default risk) until the ETN's maturity. DGP's 2x daily leverage reset means that in a choppy or volatile market (like the one anticipated), the effect of compounding will work against the fund, leading to "volatility decay".
4 Leveraged Gold ETFs
A number of exchange-traded funds (ETFs) are devoted exclusively to gold, a precious metal valued for its industrial uses and its use as a store of value. The shiny metal is used in jewelry and is a key component in a number of electronic products.
How to Play the Gold Rush With ETFs
Gold prices on a roller-coaster ride as trade fears lift safe-haven demand, while easing tensions and rising risk appetite affect the metal.
Gold Dazzles: Amplify Returns With Leveraged ETFs
Gold has been on a relentless rally, topping $3,300 per ounce for the first time. Investors could make quick profits with leveraged ETFs.
Gold Rally to Continue: Leveraged ETFs to Make Profits
Gold is approaching the $2,850 level with the potential for further upside amid the rush to safe-haven demand.
5 Bullish ETF Ways to Play Gold Strength
The yellow metal hit a new all-time high of $2,521.00 per ounce driven by a weak dollar and safe-haven demand, with many analysts expecting more upside in the months ahead.
Gold Price May 14: Rate Climbs as Fed Chair Powell Calls for ‘Patience' on Rate Cuts
The price of spot gold was up 0.9% at $2,357.98 per ounce as of 5 p.m. ET Tuesday after a report showed wholesale inflation rose more than expected in April and Federal Reserve Chair Jerome Powell called for "patience" on interest rate cuts.
Gold Price on May 13: Rate Slips Amid Concerns About Inflation
The spot price of gold reversed two days of gains, dropping about 1.1% to $2,335.53 per ounce as of 4:30 p.m. ET Monday amid concerns about inflation and the potential impact it could have on the Federal Reserve's stance on interest rates after a report from the Federal Reserve Bank of New York found consumers anticipated steeper price increases over the coming year in April than they did in March.
Gold, Silver, Platinum Forecasts – Gold Falls More Than 1% On Profit-Taking
Platinum made an attempt to settle above the psychologically important $1000 level.
Gold Price on May 9: Rate Rises on Possible Fed Reaction to Unemployment Data
The spot price of gold rose 1.4% to $2,339.76 as of 3:35 p.m. ET Thursday as a rise in weekly jobless claims raised optimism the labor market will slow enough to allow the Federal Reserve to cut interest rates.
Wall Street sees higher gold prices next week, Main Street gets pessimistic with NFP, Fed decision on the docket
While gold would appear to have had a poor week, down over 2% since the open on Sunday night, a cursory glance at the weekly chart shows that virtually all of the losses were traders selling off their weekend insurance after the Middle East conflict didn't escalate beyond Israel's retaliatory strikes on Friday.
Gold price holding above $2,350 as U.S. annual core PCE rises 2.8% in March
The gold market continues to hold on to solid gains above $2,350 an ounce as inflation remains stubbornly elevated.
Gold, Silver, Platinum Forecasts – Gold Retreats On Profit-Taking
Spot gold did not manage to settle above the $2400 level.
Gold Still Glitters. Here's Why It Keeps Hitting New Highs.
The yellow metal keeps climbing and experts see more upside ahead.
Michigan Consumer Sentiment Pulled Back To 77.9 In April
Year-ahead inflation expectations increased from 2.9% to 3.1%.
Why Is Gold Still Rising? Central-Bank Buying.
Gold prices keep setting records in changing markets. Still, warning signs are flashing.