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home / news releases / DBO - Commodity Roundup: Gold snaps 3-day rally; JPM sees Brent hitting high $80s by May

DBO - Commodity Roundup: Gold snaps 3-day rally; JPM sees Brent hitting high $80s by May

Invesco DB Oil Fund

2024-02-01 06:02:06 ET

The yellow metal is considered a hedge against inflation and economic uncertainties but higher rates increase the opportunity cost of holding the non-yielding asset. Spot gold ( XAUUSD:CUR ), which was down -0.26% to $2,031.91 an ounce by 6 am ET, fell 1.2% in January, it's first monthly decline in four. ...

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Commodity Roundup: Gold snaps 3-day rally; JPM sees Brent hitting high $80s by May
Stock Information
Company Name: Invesco DB Oil Fund
Stock Symbol: DBO
Market: NYSE
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