DBP News and Press, Invesco DB Precious Metals Fund From 05/31/24

2024-05-31 03:15:00 ET Summary Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal’s share of global international reserves to the detriment of fiat currencies. By the end of 2023, gold surpassed the euro and the next fiat currenc...

2024-05-30 11:15:00 ET Summary Over the last few weeks, the price of gold has reached record highs. Despite the marked increase in interest from institutional investors, activity across gold ETFs remains muted. Given the current level of geopolitical risk, ongoing conflict, an...

2024-05-29 08:15:00 ET Summary The Reserve Bank of India has been steadily and consistently accumulating more gold on a monthly basis. Dealers in China are charging $20 to $25 per ounce above the global spot price. According to the World Gold Council, total global demand for g...

2024-05-28 08:05:00 ET Summary While it is not the time to be making any kind of significant bear case for risk assets, I think we are reaching the stage in the cycle where most of the easy money has been made. The dollar, oil, and input prices all remain fairly stable and are far...

2024-05-27 07:00:00 ET Summary Pete Najarian, co-founder of Market Rebellion, discusses the current state of the economy, Fed policy, and the impact on the markets. Pete never bought into the "5, 6, 7 Fed cut" talk in early 2024 - but thinks the market largely has the Fed right no...

2024-05-23 03:10:00 ET Summary Chinese private sector gold imports accounted for 543 tonnes in the first quarter, while the People’s Bank of China (PBoC) added 189 tonnes to its reserves over this time horizon. I expect that China will remain a robust buyer of gold going fo...

2024-05-22 12:30:00 ET Summary Recent data indicates the US economy has been cooling modestly and disinflationary progress has resumed, which should help hasten the start of rate cuts. There is a significant amount of cash that is likely to start moving to stock and bonds once the...

2024-05-21 14:55:00 ET Summary The white metal has outperformed gold in this gold bull market. Last week, silver charted an 11 percent gain, cracking $30 an ounce for the first time in over a decade. Despite the recent gains, silver is still underpriced compared to gold. ...

2024-05-21 06:30:00 ET Summary Freddie Mac has put forward a proposal that would enable it to buy second-lien mortgages, which could inject as much as $850 billion into the economy. If Fannie Mae were to follow suit, the total amount injected could be close to $2 trillion. Preside...

2024-05-17 12:20:00 ET Summary Gold had another good month in April, posting a 4% gain and ending the month at US$2,307/oz. Unlike March, gold finished off its intra-month high from probable buyer reticence and profit taking – reflected in falling Chinese premia, lower Indi...