Invesco Capital Management LLC - Invesco Short Term Treasury ETF

Invesco DB Precious Metals Fund

DBP tracks an index of gold and silver futures contracts. It optimizes its contract selection based on the shape of the futures curve to minimize contango.

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(Kitco News) - Gold prices are near steady in early U.S. trading Monday, on a pause after hitting an eight-month high late last week. The yellow metal remains in a solidly bullish technical posture, to suggest still more price upside in the near term.

Gold sees price pause; more upside likely

Gold traders expect the U.S. central bank to slow the pace of its rate increases at the Jan. 31 - Feb. 1 policy meeting to 25 basis points.

Gold Price Forecast XAU/USD – Bullish Traders Betting Fed Will Reduce or Stop Rate Hikes in Next Few Months

(Kitco News) - Gold's January rally took prices to nine-month highs Friday, with the precious metal up more than 5% since the start of the year.

Gold price eyes $1,950 but it might have to wait until the Fed meeting before moving on to $2,000 - analysts

Gold futures rose on Friday to tally a fifth weekly climb in a row. This year, “the hot money has run into Comex, as well as Shanghai futures and options, betting that prices will keep surging on chatter over heavy central-bank demand, plus the strong household buying expected in China for the Lunar New Year holidays,” said Adrian Ash, director of research at BullionVault.

Gold futures post a 5th straight weekly climb

Gold markets had fallen a bit during the week, only to turn around and show signs of strength again at $1900.

Gold Weekly Price Forecast – Gold Markets Find Buyers After an Initial Dip

(Kitco News) - Gold prices, while down from their nine-month highs, are holding modest gains following another drop in U.S. existing home sales, according to the latest report from the National Association of Realtors (NAR).

Gold prices holding steady gains above $1,925 as U.S. existing home sales drop 1.5% in December

(Kitco News) - Gold prices are modestly higher and scored a nine-month high in early U.S. trading Friday, amid a solidly bullish technical posture and some mild safe-haven demand.

Gold price powers to 9-mo. high on safe-haven demand, bullish charts

The catalysts supporting gold have been the anticipation of slower rate hikes from the U.S. Federal Reserve and fears of a possible recession.

Gold Price Forecast XAU/USD – In Position to Post Fifth Consecutive Weekly Gain

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iShares Silver Trust

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(Kitco News) - The gold market still offers value for investors even as the price starts the year with a solid rally above $1,900 an ounce, according to one market strategist.

Gold price to $2,200, silver to $30 in 2023 - Degussa

(Kitco News) - Continued weakness in the U.S. dollar should provide further support for gold prices in 2023 as the precious metal starts the year off with a 5% rally, according to two market analysts.

Further weakness in the U.S. dollar will drive gold prices higher - VanEck

Gold markets have rallied a bit during the trading session on Thursday as we continue to see a major push to try to send gold towards the $2000 level.

Gold Price Forecast – Gold Markets Continue to Power Higher

(Kitco News) - Gold prices are modestly higher in early U.S. trading Thursday, as the technical traders continue to flow to the long side of the market due to bullish charts.

Gold price firmer on chart-based buying interest

(Kitco News) - Gold edged up following the release of the U.S. housing data from December, which showed weaker housing starts and building permits.

Gold price ticks up on weaker U.S. housing data

(Kitco News) - The gold market is holding support above $1,900 even as the Philladephia Federal Reserve reported better-than-expected activity in its regional manufacturing index even sentiment remains in negative territory.

Gold prices holding firm above $1,900 as Philly Fed Survey rises to -8.9

Gold futures finished lower on Wednesday, giving up early gains seen in the wake of U.S. data showing a slowdown in wholesale inflation and retail sales to finish lower. The end of Federal Reserve tightening is approaching, “but a shallow recession might not be supportive of inflows for gold as that might lead to a stronger dollar,” said Edward Moya, senior market analyst at OANDA.

Gold futures shake off early gains to finish lower

Gold markets have been all over the place during the trading session on Wednesday as we continue to consolidate after the big move higher.

Gold Price Forecast – Gold Markets Continue to Consolidate After Big Push Higher

(Kitco News) - Slowing momentum in the U.S. economy appears to be having an effect on inflation as producer prices drop more than expected in December.

Spot gold prices hold near session high as U.S. PPI drops 0.5% in December

(Kitco News) - Gold traded at new daily highs after retail sales fell more than expected in December.

Gold price jumps to new daily highs above $1,920 as U.S. retail sales disappoint in December

A short-term pullback in gold prices could be in the cards since traders have already priced in a smaller-than-usual rate hike by the Fed in February.

Gold Price Forecast XAU/USD – Profit-Taking Shifts Momentum to Downside

Gold futures settled with a loss on Tuesday, but held ground above the $1,900 mark. Traders are focused on Chinese gold demand for the new year, and on any potential surprises from the World Economic Forum gathering in Davos, said Chintan Karnani, director of research at Insignia Consultants.

Gold futures end lower, hold above $1,900 an ounce

Gold markets have rallied a bit during the trading session on Tuesday but pulled back a bit from the highest levels to turn bearish by the end of the day.

Gold Price Forecast – Gold Pulls Back From the Highs of The Day

(Kitco News) - Gold and silver prices are a bit weaker in early U.S. trading Tuesday, after gold scored a nine-month high overnight.

Modest price corrections in gold, silver

(Kitco News) - Recession fears are helping revive safe-haven interest in gold as prices reverse their losses following a sharp drop in the New York Federal Reserve's regional manufacturing survey.

Gold price retraces off of its losses as Empire State drops to -32.9 in January

Rising rates tends to reduce the appeal of non-yielding gold, while a stronger dollar makes bullion more expensive for foreign buyers.

Gold Price Forecast XAU/USD – Under Pressure as Higher Yields, Firm Dollar Weigh on Sentiment

RBC Capital has outlined key themes in the gold sector for 2023, noting that a more ‘constructive' price environment for gold could lead to increased activity in the industry. The bank highlights five key areas to watch for in the coming year: commodity flows and asset under management support for gold and gold equities; a potential pick-up in M&A and financing activity; management of continued cost inflation pressures; ESG momentum and ‘evolving focus issues'; and recovery in junior valuations.

News for Invesco DB Precious Metals Fund ETF (DBP)