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home / news releases / DGL - Holding DUST Turns A Portfolio Into Dust As Gold Rallies


DGL - Holding DUST Turns A Portfolio Into Dust As Gold Rallies

When the US Federal Reserve told markets that they would be cutting the Fed Funds rate over the coming months at the June FOMC meeting, it lit a bullish fuse under the gold market. The price of the yellow metal blew through technical resistance levels at the 2018 and 2016 highs like a hot knife through butter and has been consolidating on either side of the $1400 per ounce level.

Gold moved above the critical level of technical resistance at the post-Brexit, 2016 $1377.50 immediately following the June meeting of the central bank, and it

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Stock Information

Company Name: Invesco DB Gold Fund
Stock Symbol: DGL
Market: NYSE

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