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DGL (Invesco DB Gold Fund) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
Last week we argued that gold investors should stop obsessing over limited US monetary policy moves and start paying attention to the next $1 trillion of U.S. debt.
The latest Kitco News Weekly Gold Survey showed Wall Street unanimously bullish after gold's post-Fed gains, while Main Street bolstered its bullish majority following gold's solid weekly performance.
Spot gold and silver prices are higher in late-afternoon U.S. trading Friday, with both metals holding weekly gains as lower oil prices offset part of the pressure from a rebound in Treasury yields and a firmer U.S. dollar.
A lot more appears to be going on in the gold market than monetary policy alone can explain, as prices continue to hold critical support heading into the weekend, even after the Federal Reserve raised interest rates and signaled further tightening by year-end.
Unions representing workers at the Loulo-Gounkoto gold complex in Mali, operated by Barrick Mining , have issued a series of strike notices to management, raising the risk of labour disruptions from September 28 at one of Mali's largest gold-producing operations, according to documents seen by Reuters on Friday.
Gold is holding 50-week EMA support near $4,300 as the market attempts to regain momentum toward $4,500.
Silver and platinum have also gained strong upside momentum ahead of the weekend.
Central banks are just getting started with interest rate hikes, but despite this new tightening cycle, they are unlikely to get in front of the inflation curve, which means there is still a solid reason to own gold, according to one international investment bank.
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