DBP News and Press, Invesco DB Precious Metals Fund From 04/07/22

Gold’s rally over the past 12 months failed to break through its $2080 price level. After retreating back to $200, gold seems to have found support at the $1900 level. GLD now appears to have broken out of its accumulation phase and seems to be preparing to trade above the $194...

The Russia-Ukraine situation is still unclear. Russia is making various demands, such as demanding rubles for their oil and gas. A soft landing: Unlikely. With inflation and shortages, we could be seeing a runaway market in commodities. For further details see: Gold:...

The EU surely has more to lose from backfiring Russian sanctions than anyone else, given its rather large trade relationship with the Russian Federation and its dependence on Russian natural gas and oil. One puzzling development has been the amazing recovery of the Russian ruble, whic...

For most asset-classes and investors, the first quarter of 2022 didn't provide much of a reason to dance. For us, however, it was quite different. Many investors/experts point out that both recession and market peak occur (if at all) within 16-20 months from inversion. We, however, be...

Current hawkish Fed signaling not enough to rout gold. Post Covid normalization, not very normal and good for the yellow metal. Gold an asset to reduce risk of being cancelled. For further details see: $2,000 Gold And Beyond?

We see specific themes in commodities that could benefit from the transition to a low carbon economy. On average, since 1997, commodities have historically outperformed the S&P 500 in the first 12 months after the beginning of a rate hiking cycle. Investors are increasingly us...

According to the BLS, the economy added 431k jobs in March. February was revised up to 750k from an original 678k. Unemployment rate fell to 3.6%. Through three months in 2022, the BLS is adjusting the raw number up quite substantially (-414k vs +1.7M). Although the unemployment r...

With an emphasis on the bigger picture, we focused on the primary drivers of the markets over the past month and going forward. The dollar is on an increasingly fragile ground here with the prospect of two commodity-backed currencies, the ruble and the yuan, challenging its reserve st...

Ima Casanova, deputy portfolio manager, gold strategy at VanEck, shares her outlook on gold. As we come into 2022, of course at the end of last year, the Fed “dropped” transitory and so the market comes into 2022 pricing and inflation, a higher inflation for longer. ...

Even before the war began, supply chain frictions had only improved marginally from the Covid-19 pandemic. Now, expect even longer-lasting disruptions, a new round of delays, and protracted supply shortages. No economic sector can escape the surge in energy prices. For furth...