ProShares Ultra Gold (UGL) News Today

ProShares Ultra Gold (UGL) has risen today as gold prices rallied on a mix of weaker U.S. economic data, renewed tariff concerns and safe-haven demand. Investors are positioning for potential Federal Reserve rate cuts and watching technical levels and dollar strength for the next catalyst.

• Positive Sentiment: Wall Street strategists turn very bullish on gold following disappointing U.S. jobs data and tariff turmoil that boost the odds of a September Fed rate cut Wall Street is extremely bullish on gold as disappointing jobs data, tariff turmoil boost chances of a September rate cut
• Positive Sentiment: Gold sees fresh buying after a much larger-than-expected NFP miss, driving safe-haven flows Gold Price Outlook – Gold Continues to See Buying After NFP Miss
• Positive Sentiment: Gold price soars after U.S. jobs data comes in far weaker than expected, triggering safe-haven demand Gold price soars after much weaker U.S. jobs data
• Positive Sentiment: Gold jumps as July payrolls rise just 73K and prior months’ data are sharply revised lower Gold jumps higher as U.S. economy created 73K jobs in July, June, May data significantly revised lower
• Positive Sentiment: Retail investors flood back into gold amid global uncertainty, according to WGC Q2 trends Retail Gold Rush: Investment demand roars back amid global uncertainty - WGC Q2 Demand Trends
• Positive Sentiment: Forecast sees a bullish rebound in gold as the Fed holds rates and China tariff fears rise Gold (XAUUSD) Price Forecast: Bullish Rebound as Fed Holds Rates, China Tariff Fears Grow
• Positive Sentiment: Gold attempts to rebound on falling Treasury yields, offering support near $3,280 Gold (XAUUSD), Silver, Platinum Forecasts – Gold Attempts To Rebound As Treasury Yields Fall
• Neutral Sentiment: Gold is testing resistance near $3,350 after U.S. ISM Manufacturing PMI fell to 48 Gold testing resistance at $3350 as US ISM Manufacturing PMI falls to 48
• Neutral Sentiment: Key intra-day gold price entry levels outlined for active traders on August 1 Gold market analysis for August 1 - key intra-day price entry levels for active traders
• Neutral Sentiment: An overview of gold’s value through the decades highlights its long-term appeal The Price of Gold Over the Decades
• Neutral Sentiment: July 31 intra-day trading levels and technical setups for gold detailed by Kitco Gold market analysis for July 31 - key intra-day price entry levels for active traders
• Neutral Sentiment: Gold edges up slightly on bargain‐hunting but lacks strong catalysts Gold price slightly up as mild bargain buying featured
• Neutral Sentiment: Gold retreats back above $3,300 yet shows limited reaction to muted U.S. PCE inflation data Gold back above $3,300 but sees little reaction to muted US PCE inflation data
• Neutral Sentiment: Canada’s largest gold producer posts record Q2 earnings, a mixed signal for the broader gold complex Canada's largest gold producer delivers strong Q2 results with record earnings
• Negative Sentiment: Gold stalls below key resistance as a stronger dollar and hawkish Fed rhetoric weigh Gold (XAUUSD) Price Forecast: Dollar Strength Pressures Gold Ahead of Jobs Data
• Negative Sentiment: Gold and silver retreat as the U.S. dollar strengthens ahead of NFP and tariff-driven inflation concerns Gold (XAUUSD) & Silver Price Forecast: Tariffs, NFP Drive Dollar-Denominated Moves
• Negative Sentiment: Technical analysis flags a triangle breakdown, suggesting further downside pressure on gold prices Gold (XAUUSD) and Silver Technical Analysis: Triangle Breakdown and Correction Setups
• Negative Sentiment: Gold and silver dip as the Fed pauses and FOMC tone dampens rate-cut expectations Gold (XAUUSD) & Silver Price Forecast: Fed Pause and FOMC Tone Trigger Pullback
• Negative Sentiment: Gold weakens while silver falls sharply; copper’s decline adds extra pressure on precious metals Gold weaker, silver sharply down; copper at least partly to blame