ProShares Ultra Gold

UGL provides 2x the daily performance of gold, as measured by the price of COMEX gold futures contracts.

Goldman Sachs Physical Gold ETF

GraniteShares Gold Shares

Invesco DB Precious Metals Fund

Invesco DB Gold Fund

SPDR Gold Trust

SPDR Gold MiniShares Trust

iShares Gold Trust

VanEck Merk Gold Trust

Aberdeen Standard Gold ETF Trust

Below you will find our Gold, Silver, and Mining Stocks economic news schedule for the next two trading days.

Daily Gold News: Tuesday, August 2 – Gold Price Remains Close to Local Highs

DB Gold Double Long ETN

iShares Gold Strategy ETF

Gold's post-Federal Reserve rally continued on Tuesday with the yellow metal on track to climb for a fifth straight session which would be the longest winning streak for a most-active contract since at least April.

Gold looks to extend winning streak to 5th session as yen strengthens, Treasury yields decline

Trader reaction to $1787.70 is likely to determine the direction of the December Comex gold futures contract on Tuesday.

Gold Price Futures (GC) Technical Analysis – Hovering Below $1798.50 – $1822.60 Retracement Zone Resistance

The gold price is currently trading at just under US$1,775 per ounce after its strongest trading week in over a year. Gold has been under some pressure as the US Federal Reserve has pursued a dogged policy of pushing up interest rates.

Gold price hits one-month high on weaker dollar and treasuries

One reason for the gold rally may be the thought that inflation is peaking and the Fed may not have to raise rates aggressively moving forward.

Price of Gold Fundamental Daily Forecast – Upside Limited if Fed Keeps Raising Rates

Global X Silver Miners ETF

Amplify Junior Silver Miners ETF

Aberdeen Standard Physical Silver Shares ETF

iShares Silver Trust

iShares MSCI Global Silver Miners ETF

As impressive as the global stock rally was last week, gold and silver's remarkable performance on Friday did not generate many financial headlines.  Still, their one-day individual parabolic rise merits closer attention.

Can Gold and Silver Hold Recent Price Gains?

United States Brent Oil Fund LP

Invesco DB Oil Fund

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares

iShares U.S. Oil & Gas Exploration & Production ETF

VanEck Vectors Oil Services ETF

iPath Pure Beta Crude Oil ETN

Invesco Dynamic Oil & Gas Services ETF

ProShares Ultra Bloomberg Crude Oil

United States Oil Fund LP

SPDR S&P Oil & Gas Exploration & Production ETF

Weak US, Eurozone, Chinese and UK manufacturing PMI reports triggered fresh fears about a global slowdown on Monday, hurting oil.

WTI Slumps Over $4.0 To Below Its 200DMA; Weak PMI Data Darkens Demand Outlook

Gold futures climbed for a fourth straight session on Monday, cementing the longest winning streak for a most-active contract since May 24, according to Dow Jones Market Data. The most-active December gold contract GCZ00 gained $5.90, or 0.3%, to settle at $1,787.70 per troy ounce, per FactSet data.

Gold futures finish higher for 4th straight session in longest winning streak since May

Bullish catalysts push the price of gold to new highs at the start of the week.

Gold Price Prediction – Gold Rebounds Above The $1765 Level

(Kitco News) - Federal Reserve Chairman Jerome Powell stated last week that the U.S. economy is not in a recession. Biden administration officials appear to agree, including National Economic Council Director Brian Deese and Treasury Secretary Janet Yellen.

Gold does well during inflation, recession: Is gold or real estate a better investment? - Jeff Clark

(Kitco News) - Gold is currently trading near $1,735 and is down 6 percent year-to-date.

"This is the worst environment for gold," but it is still worth holding precious metals and commodities - Will Rhind

(Kitco News) - Gold and silver prices are firmer in midday U.S. trading Monday, with gold notching a three-week high and silver a four-week high overnight.

Modest gains for gold, silver as chart postures improving

The gold markets have been somewhat sideways during the session on Monday, as we approach the crucial 50 Day EMA.

Goal Price Forecast – Gold Markets Run Into 50 Day EMA

(Kitco News) - The gold market continues to trade near session highs and is seeing little price movement following stronger-than-expected activity in the U.S. manufacturing sector, according to the latest data from the from Institute for Supply Management (ISM).

Gold prices holding steady following stronger-than-expected ISM manufacturing report

(Kitco News) - Gold started the European session slightly subdued but it seems the appetite for the yellow metal has increased. As yields have taken a tumble in recent sessions gold has found some of its shine and the price is currently 0.40% higher on the day.

Gold pushes higher to break a decent resistance zone

(Kitco News) - Gold and silver prices are higher in early U.S. trading Monday, with gold notching a three-week high and silver a four-week high.

Gold, silver see price gains on more short covering, bargain hunting

Gold is 0.4% higher this morning, as it is trading above the $1,750 level. What about the other precious metals?

Daily Gold News: Monday, August 1 – Gold Price is Closer to $1,800 Again

Trader reaction to $1781.80 is likely to determine the direction of the December Comex gold futures contract on Monday.

Gold Price Futures (GC) Technical Analysis – Buyers Facing Challenge at $1798.50 – $1822.60 Retracement Zone

Gold and silver prices continued to climb on Monday after cementing their best weekly performance since March.

Gold, silver extend rally after best week since March

(Kitco News) (Kitco News) - Gold (-0.06%) is trading flat ahead of the European open but silver is down 0.65%. Elsewhere in the commodities complex, copper (-0.76%) and spot WTI (-0.51%) are both struggling as nearly all commodities have had a tough start to the week.

Gold is trading marginally lower ahead of the European open

Gold prices were bolstered with the publication of preliminary data showing the contraction in US GDP in Q2, driving the yellow metal to close above the $1750 mark for the first time since July 5th, 2022. Combined with historic levels of inflation, the yellow metal saw the return of safe-haven demand with prices rising 3.

Gold likely to rally after Fed hints at “slow down” amid GDP contraction

The price action suggests gold traders think growth will slow enough to stop the Fed from hiking beyond December.

Price of Gold Fundamental Weekly Forecast – Trader Focus Shifts to Friday's Jobs Report

The Personal Consumption Expenditures (PCE) price index rose 6.8% from a year ago in June, hitting its highest level since January 1982.

Price of Gold Fundamental Daily Forecast – Supported as Recession Fears Outweigh Hot Inflation Reading

Sources said OPEC+ might agree to leave production quotas unchanged in September, giving WTI a short-lived intra-day boost.

WTI Briefly Pushes Above $100 With OPEC+ In Focus, Gold Rallies As US Real Yields Dump

(Kitco News) - According to the latest Kitco News Weekly Gold Survey, Wall Street analysts and Main Street investors see the potential for higher prices next week. The new bullish sentiment comes as gold prices end the week with a 2% gain testing a critical resistance point. December gold futures last traded at $1,783.30 an ounce.

News for ProShares Ultra Gold ETF (UGL)