Invesco DB Precious Metals Fund (DBP)
| Assets | $269.89M |
| Expense Ratio | 0.77% |
| PE Ratio | n/a |
| Shares Out | 2.55M |
| Dividend (ttm) | $2.50 |
| Dividend Yield | 2.48% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | n/a |
| Volume | 7,044 |
| Open | 103.73 |
| Previous Close | 105.88 |
| Day's Range | 100.93 - 103.73 |
| 52-Week Low | 74.07 |
| 52-Week High | 140.76 |
| Beta | 0.21 |
| Holdings | 8 |
| Inception Date | Jan 5, 2007 |
About DBP
Fund Home PageThe Invesco DB Precious Metals Fund (DBP) is an exchange-traded fund that is based on the DBIQ Optimum Yield Precious Metals index. The fund 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. DBP was launched on Jan 5, 2007 and is issued by Invesco.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional Class | AGPXX | 43.52% |
| Gold Future Dec 26 | n/a | 39.41% |
| Silver Future Dec 26 | n/a | 10.14% |
| Invesco Short Term Treasury ETF | TBLL | 4.20% |
| Platinum Future Oct 26 | n/a | 3.04% |
| Futures Cash Collateral | n/a | 0.41% |
| Cash | n/a | 0.02% |
| Futures Cash Collateral | n/a | -0.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $2.50366 | Dec 26, 2025 |
| Dec 23, 2024 | $2.55968 | Dec 27, 2024 |
| Dec 18, 2023 | $2.23426 | Dec 22, 2023 |
| Dec 19, 2022 | $0.21759 | Dec 23, 2022 |
| Dec 23, 2019 | $0.5253 | Dec 31, 2019 |
| Dec 24, 2018 | $0.4495 | Dec 31, 2018 |
Performance
DBP had a total return of 36.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.62%.
News
Wall Street brimming with bears after gold's breakdown, Main Street pessimism persists as inflation data takes center stage
The latest Kitco News Weekly Gold Survey showed Wall Street overwhelmingly bearish on gold's near-term prospects, while Main Street grew more pessimistic after gold's week of weakness.
Gold And Silver Hit Lowest Prices In Months After Strong Jobs Report
The last time gold and silver shed this much value was in late March, when gold hit a low around $4,400 and silver fell to as low as $67. Analysts blamed that price crash on mixed signals about Iran p...
Gold (XAUUSD) & Silver Price Forecast: Gold Tumbles Under $4,500 as Silver Slips to $72 — More Pain Ahead?
The ongoing US-Iran ceasefire allowed gold and silver to react to technical breakdowns. Gold accelerated lower below $4,500 with strong bearish continuation while silver traded at $72.73.
Gold and Silver Price Forecast: Price Compression Builds Ahead of NFP Data
Gold and silver remain under pressure as traders wait for the U.S. nonfarm payrolls report to define the next major move. Gold remains weak below key resistance, while a break below support could trig...
Deglobalization sparks race for strategic resources, driving gold and copper outlook - Sohn Montreal
A shift in the global economic order is triggering a worldwide race for physical resources, creating the conditions for a sustained commodity bull market and reinforcing gold's role as a critical rese...
Gold (XAU/USD) Price Forecast: Falling Wedge Signals Key Inflection Zone
Gold is testing 200-day moving average support within a falling wedge pattern, with confirmation levels above resistance needed to validate a potential bullish reversal.
China's gold market is cooling, multiple metrics show
China's gold market, which along with central bank demand has been one of the central pillars of the multi-year gold rally, has shown definite signs of cooling in recent weeks. “Amid heightened market...
Commerzbank is not giving up on metals, sees $4,800/oz gold, $80/oz silver by year-end
Rising inflation pressures due to the ongoing war in Iran mean investors will have to wait a little longer for gold to break out of its current consolidation phase, according to Carsten Fritsch, commo...
Spot gold reclaims $4,500/oz after U.S. weekly jobless claims rise to 225k
Gold prices were holding above $4,500 per ounce on Thursday morning following the release of worse-than-expected labor market data after the number of Americans filing new claims for unemployment bene...
Gold (XAUUSD) & Silver Price Forecast: Gold Breaks $4,500 as Silver Slips to $73 — Support or More Pain?
As the ceasefire remains intact beyond nine weeks and oil flows gradually normalize, gold faced strong selling pressure under $4,500 while silver slipped to $73.34. Strong central bank demand and silv...
Gold (XAU/USD) Price Forecast: Bearish Structure Tests Key Support Zones
Gold is testing key long-term support as bearish momentum builds, with downside targets emerging, while only a reclaim of short-term resistance would signal stabilization.
Central banks buy net 17 tonnes of gold in April, led by Poland and China – WGC
After March saw central banks flip to net sellers of gold, the sovereign sector switched back to bullion purchases in April, according to the latest data from the World Gold Council (WGC).“Central ban...
TD Securities cuts H2 2026 gold price forecasts as markets price in Fed rate hike
Rising expectations that the Federal Reserve will have to hike interest rates rather than cut them by the end of the year continue to take their toll on the precious metals market, with gold prices fa...
Gold Price Analysis – Gold Drifts Lower on Wednesday
Gold drifts a little bit lower early on Wednesday, as traders continue to see a consolidation range play out. The noise coming out of the Middle East continues to be a concern in this market.
Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs Channel Breakdown — Gold Falls to $4,472, Silver at $74.80?
The ongoing US-Iran ceasefire allowed gold and silver to react to technical breakdowns. Gold accelerated lower below $4,500 with strong bearish continuation while silver traded at $74.80.
Gold Futures' Technical Backdrop Likely Improved, Charts Show
Gold futures' technical backdrop has likely improved in recent weeks, StoneX's Matt Simpson says in commentary. Prices have repeatedly found support around $4,400 an ounce and momentum indicators are ...
Gold Rises As Traders Weigh Confusion Over US-Iran Talks
Axel Merk, founder and CIO of Merk Investments, said that while gold remains a relatively 'calm' investment, the world around the commodity and the geopolitical and economic 'crosscurrents' including ...
Gold (XAU/USD) Price Forecast: Tight Range Builds Breakout Pressure
Gold continues to compress within a symmetrical triangle as overlapping support and resistance levels cluster, suggesting an imminent breakout decision as volatility contracts near key moving averages...
Central banks see gold as the reserve asset of choice - ECB report
Gold continues to assert its dominance in global financial markets as an important monetary asset, with the European Central Bank highlighting a significant milestone for the precious metal.
Gold Price Analysis – Gold Rallies as Rates Fall
Gold continues to move opposite of rates on Tuesday, as we are still in the same pattern with rates being the opposite of price action in the gold markets. Position sizing is crucial in this market as...
Gold (XAUUSD) & Silver Price Forecast: China Buying Supports Metals — Will XAU & XAG Extend Gains?
The ongoing US-Iran ceasefire allowed gold and silver to focus on technical recoveries. Gold defended $4,534 support with bullish continuation while silver surged above $76.55.
Spot gold trades near $4,460/oz after ISM Manufacturing PMI rises to 54
Gold is trading near session lows after the latest data showed the U.S. manufacturing sector beating expectations last month, with prices also moderating in May.The Institute for Supply Management (IS...
Fed trapped between inflation and debt crisis, and gold wins either way - Sprott's McIntyre
Despite gold's recent disappointing price action, the precious metal's long-term bull case has rarely looked stronger, as the Federal Reserve faces an increasingly impossible balancing act between inf...
Gold (XAUUSD) & Silver Price Forecast: Gold Tumbles Under $4,500 as Silver Tests Support — Breakdown Ahead?
The ongoing US-Iran ceasefire allowed gold and silver to react to macro and technical signals. Gold accelerated lower below $4,500 with strong bearish continuation while silver traded at $75.58.
Gold and Silver Forecast: Strong Dollar Pressures XAUUSD as Silver Defends $72
Gold and silver remain under pressure as a stronger U.S. dollar, higher oil prices, and Fed policy risks weigh on precious metals, while traders watch key breakout levels at $5,000 for gold and $89 fo...