Summary
DGL Chart
The Big Short's Michael Burry makes a $10 million bet in Spott Gold Trust
(Kitco News) - Despite its criticism of being an outdated relic, billionaires appear to be taking a new interest in gold.
Invesco DB Gold Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 146 | $8 | $8 | - | - |
| AB Anthony Bruccoleri Equitable Holdings Inc. | 165,825 | $7,505.01 | $7,505.01 | - | - |
Invesco DB Gold Fund (DGL) FAQ
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Invesco DB Gold Fund Profile
| ARCA Exchange | United States Country |
Overview
The single index Commodity fund is a specialized investment vehicle that focuses exclusively on gold. This fund is designed to give investors exposure to the gold market through the use of futures contracts. By tracking its corresponding index, the fund aims to mirror the price movements of gold, providing a tool for investors who wish to hedge against market volatility, diversify their portfolios, or speculate on the future prices of this precious metal. The fund operates by investing in gold futures contracts in an attempt to closely follow the performance of its designated gold index, making it a unique offering for those interested in commodity investments.
Products and Services
The single index Commodity fund offers the following primary investment product:
- Gold Futures Investment
This product is the core offering of the fund, allowing investors to gain exposure to the gold market without the need to physically hold the metal. By investing in gold futures contracts, the fund seeks to track the performance of its gold index. Futures contracts are agreements to buy or sell gold at a future date at a predetermined price, which means they can be used to speculate on the future price of gold or to hedge against price volatility in other investments. The goal of this product is to provide investors with a convenient and efficient means of accessing the potential returns of gold investment, while also offering the benefits of liquidity and transparency provided by futures markets.
