DBP News and Press, Invesco DB Precious Metals Fund From 11/16/23

2023-11-16 07:10:00 ET Summary Why has the junior end of the gold mining world performed so poorly over the past two years? Understanding why begins with understanding that in the absence of a mining operation that can be used to profitably extract it from the ground. These ar...

2023-11-14 02:41:00 ET Summary Multiple large central banks are currently operating at a loss while public debt levels are elevated. A GRA is an accounting item on the liability side of a balance sheet that records unrealized gains of gold assets. GRAs can recapitalize central...

2023-11-14 01:45:00 ET Summary Gold had a strong October, trading above $2,000 per ounce. While gold stocks continued to lag gold, we believe a possible sector re-rating may reverse course and provide support to gold companies. Gold traded at a monthly low of $1,820 per ounce on O...

2023-11-13 07:48:15 ET Summary Gold prices retreated from the $2,000 per ounce threshold due to a lack of market-moving events. Traders and investors locked in profits and exited long positions, resulting in a net selling trend. Gold prices faced significant declines, shedding...

2023-11-11 01:00:00 ET Summary This week, gold and silver extended their correction of October’s sharp rise. In European trade this morning, gold was $1953, down $24 from Last Friday, and silver was $22.54, down 66 cents. Open Interest in both Comex contracts has been on th...

2023-11-09 23:15:00 ET Summary Markets have been tranquil in the last couple of days, with the lack of any major data causing stocks to drift higher, extending their recent trend, while the dollar has drifted back higher. Precious metal bulls must be frustrated by signs of weakeni...

2023-11-09 06:10:00 ET Summary The PBoC is in a hurry to buy enormous amounts of gold, indicating it’s preparing for substantial changes in the dollar-centric international monetary system. Based on information from industry sources and my personal calculations, total gold ...

2023-11-09 05:05:00 ET Summary Gold gained 6.8% in October, reversing an early-month slump to finish at US$1,997/oz, the highest ever monthly close for the LBMA PM price. Despite positive flows in futures, global gold ETFs saw another month of outflows (-US$2.2bn, -38t), two third...

2023-11-08 09:11:00 ET Summary The second half of the year, starting June 30th, you saw the long end of the curve start to go up as interest rates started to normalize. During periods of extreme uncertainty, you have to rely on diversification, particularly diversification to asse...

2023-11-07 03:02:36 ET Summary Gold prices remain stable after a positive week, with focus on the Fed's decision and the October Jobs Report. Gold initially surged to $2000 per ounce in response to weak job numbers and potential economic instability. Stocks rallied, suggesting...