Invesco DB Gold Fund
Latest Invesco DB Gold Fund News and Updates

Copper Stabilizes While Gold Trades near Two-Year High
Copper prices stabilized on Monday, July 4, amid expectations of stimulus from central banks.

Copper Fell and Gold Stabilized on July 5
At 6:40 AM EST on July 5, the COMEX Copper futures contract for September delivery was trading at $2.2 per pound—a drop of 0.81%.
Retirement pick: Gold and the long-term investor
There is often a debate among academics, financial gurus, asset managers, and advisors as to the place for non-traditional assets in a portfolio.
Should you invest in silver and gold stocks or ETFs?
In addition to the potential headwind from higher real rates, it’s also not clear that either metal is that mispriced. Valuing commodities is notoriously difficult, as there are no cash flows.

Why the RAAX Fund Is Bullish on Gold
Let’s take a look at some of the reasons why RAAX maintains a bullish or bearish position on certain asset classes.

Which Miners Are Closely Correlated to Gold?
Over the past three years, HL and KGC have seen falling correlations with gold.

A Look at Gold Funds’ and Miners’ Technicals
Most precious metal mining stocks have fallen over the last few months due to falling gold prices.

Is Cryptocurrency Competition for Gold?
The sudden surge in bitcoin and the cryptocurrency market made some market participants worry about the future of gold.

How Diverse Is the Demand for Gold?
According to the World Gold Council, jewelry accounts for about 50% of global gold demand.

A Quick Look at the Precious Metals Revival, Miners’ Performances
Precious metals prices shot up on January 19, 2018, with concerns looming over the shutdown the of the US government.

The Dollar and Its Relationship to Precious Metals
The US dollar rose 0.18% on Tuesday, January 9, 2018, which led to the lower price of spot gold (GLD) and silver.

Your End-of-2017 Correlation Study of the Major Miners
The PowerShares DB Gold Fund (DGL) and the VanEck Merk Gold Trust (OUNZ) rose 2.2% over the five trading days leading up to December 27, 2017.

The Revival of Miners and Technical Indicators on December 20
Alamos Gold, Sibanye Gold, Agnico Eagle Mines, and Pan American Silver have call-implied volatilities of 43.2%, 50.5%, 22.1%, and 27.5%, respectively.

Reading Miner Volatility in December 2017
In this article, we’ll take a look at the call-implied volatilities and RSI scores of Barrick Gold, Kinross Gold, Eldorado Gold, and IAMGOLD.

How Is Gold, Commercial and Non-Commercial, Moving?
Speculative positions fell sharply last week. It was the most significant one-week fall since May 2016.

Correlation and Mining Stocks this Month
We’ll briefly analyze mining stocks’ correlation with gold. Gold is the most crucial of the precious metals, and mining stocks tend to increasingly take their price changes from gold.

Miners’ Correlation with Gold
Correlation analysis A correlation study of mining stocks to precious metals is important. It gives insights about miners’ potential price movement. Although the mining shares are essentially part of the market’s equity segment, they’re more coordinated with metals’ movement. Gold is the most dominant precious metals. We’ll discuss how Yamana Gold (AUY), Pan American Silver (PAAS), Coeur […]

A Quick Look at Miners’ Technical Details
As of November 16, 2017, Alamos Gold, First Majestic Silver, Sibanye Gold, and AngloGold Ashanti had call-implied volatilities of 46.9%, 54.6%, 63%, and 40.9%, respectively.

Directional Changes in the Correlation of Miners to Gold
New Gold and Goldcorp have seen upward trends in their correlations with gold, while Newmont Mining has seen its correlation decline.

Yield Changes for Precious Metals: What Could Be the Impact?
If we look beyond the dollar influence on precious metals, we can analyze how the probability of an interest rate hike could influence precious metals and their miners.

Analyzing a Few Core indicators for Miners
As of November 2, 2017, AGI, GFI, IAG, and HMY had call-implied volatilities of 46.9%, 40.4%, 44.3%, and 53.3%, respectively.

The Importance of Knowing the Technicals of Mining Stocks
On October 30, 2017, ABX, AU, KGC, and IAG had call implied volatilities of 29.1%, 40.9%, 41.6%, and 44.3%, respectively.

A Technical Analysis of Mining Shares as of October 27
On October 26, 2017, Royal Gold, Newmont, Sibanye, and Yamana had call implied volatilities of 24.8%, 25.9%, 63%, and 48.4%, respectively.

A Technical Analysis of Mining Shares in October
When investors look at mining stocks, it’s important that they do a technical analysis of the stocks.

How Mining Stocks Have Moved in October
On October 23, Alamos, First Majestic Silver, Sibanye Gold, and Gold Fields had call implied volatilities of 46.9%, 54.6%, 63%, and 40.4%, respectively.

Analyzing Mining Shares’ Correlation in October
Understanding mining stocks’ correlation with gold is crucial for investors in precious metal mining stocks.

How Key Mining Stocks Are Correlated with Gold in October 2017
The PowerShares DB Gold Fund (DGL) and the Vaneck Merk Gold Trust (OUNZ) have risen 12.1% and 12.95, respectively, year-to-date, taking strong cues from gold.

Could Gold Be Oil- and Inflation-Dependent?
Analysts believe the fluctuation in gold can be tracked through the OPEC meetings. If they lead to higher oil prices, there could be inflationary pressure across global economies.

Will Gold Keep a Close Watch on Inflation Numbers?
Donald Trump’s recent victory is shining a light on the possibility of a rise in inflation and how such a rise could work for gold.

Reading the Volatilities of the Major Mining Companies
Let’s look at the implied volatilities of giant mining companies and their RSI (relative strength index) levels in the wake of the carnage in precious metal prices.

Are Inflation Concerns Likely to Boost Gold’s Performance?
The difference between yields on ten-year US notes and similar-maturity TIPS, a gauge of price expectations, expanded to as much as 1.7% last Tuesday.

Fed’s Hawkish Stance: Why It Impacted Precious Metals
Last week was rough for precious metals. Gold, silver, platinum, and palladium all fell. Gold had the biggest weekly fall in about three years.

Why Are Precious Metals Showing Weakness?
Gold broke its key level of $1,300 per ounce on Tuesday, October 4, 2016. But investors are seeing gold’s 200-day moving average of $1,258 per ounce as a resistance level.

Reading the Technicals of South African Mining Companies
Many of the fluctuations in precious metals have been determined by the Federal Reserve’s stance on the interest rate, and these fluctuations play on precious metals–based funds.

How Gold Reacted to the Bank of Japan’s Decision
Aside from the Federal Reserve’s interest rate conundrum, precious metals prices have taken cues from the Bank of Japan’s monetary policy.

How Did the Dollar’s Move Affect the Price of Gold?
Gold is valued in dollars. As a result, the stronger dollar, driven by the recovery of the US economy, is pushing the gold prices further down.

Demand from India Could Lend Support to the Gold Market
Demand from India Could Lend Support In the near term, India could lend support to the gold market. Indian gold demand has been very weak this year due mainly to the higher gold price. This suggests there is pent-up demand. A good monsoon season in India can lead to a bountiful fall harvest that typically […]

Jackson Hole: An Important Takeaway and What It Means for Gold
Yellen Channels Doobie Brothers’ “What Were Once Vices Are Now Habits” Another aspect of Janet Yellen’s Jackson Hole speech furthered our conviction for strong gold prices in the long term. She described all of the unconventional monetary policies implemented since the financial crisis (e.g., zero rates, QE, etc.) as components of the Fed’s “toolkit”. Perhaps […]

Rising Volatility Continues to Affect Miners’ Stocks
The precious metals price correction that happened on September 2, 2016, extended to September 6. How did equities and funds respond?

How Did the Rebound in the US Dollar Impact Gold?
The US dollar rebounded on Tuesday, August 2, after losing on Friday due to weak US economic data. The US dollar rose by 0.15% against world currencies.

Russia and China Are Leading the Pack in Gold Buying
2016 started with more turbulence than expected, and many central banks started stacking gold.

How Much Can Brexit Affect the Precious Metals?
Brexit could send jitters around the globe, and investors may jump to safe-haven assets such as gold and silver, which have risen 21.2% and 25.6%, respectively, on a YTD (year-to-date) basis.

Why Hedge Funds Liquidated Some of Their Gold
Hedge funds increased their bets on gold as prices fell after gold’s gains in 1Q16. However, hedge funds and money managers curbed their bets on gold as it fell steadily in May.

Why Predicting Gold Returns Is a Dubious Exercise
Generally, gold is viewed as a hedge against rapid inflation and lower interest rates. That makes it hard to value gold as there are no cash flows or earnings associated with it.

Paper Gold in Demand: Investors Shun Physical Gold
Unforeseen events triggered the sudden increase in precious metals at the beginning of 2016. The year started with a bang and took precious metals on a high ride.

How Strong Is China’s Gold Demand?
China’s love for gold is world famous, and demand had touched its peak in 2013 when gold experienced a steep price fall.

China Looks to Change the Gold Market with Yuan-Denominated Gold
China is looking to change the international gold market with its recently established yuan-denominated gold. The Chinese benchmark rate will derived from a 1 kg contract on the Shanghai Gold Exchange.

US Dollar Buoyed, Pushed Gold and Gold-Based Funds Lower
As the dollar strengthens, dollar-denominated assets usually suffer. Foreign investors have to buy a rather expensive dollar to invest in these metals.