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 | 2.55% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Annual |
| Payout Ratio | n/a |
| Volume | 4,836 |
| Open | 99.02 |
| Previous Close | 99.20 |
| Day's Range | 98.15 - 99.29 |
| 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 | 44.04% |
| Gold Future Dec 26 | n/a | 38.55% |
| Silver Future Dec 26 | n/a | 9.43% |
| Invesco Short Term Treasury ETF | TBLL | 4.37% |
| Platinum Future Oct 26 | n/a | 2.83% |
| Futures Cash Collateral | n/a | 1.04% |
| Futures Cash Collateral | n/a | -0.00% |
| Cash | n/a | -0.27% |
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 30.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.45%.
News
Inside the debate over bitcoin vs gold
'The Claman Countdown' panelists Anthony Pompliano and Peter Schiff discuss what investors should focus on.
Hawkish Fed keeps pressure on gold as physical premiums soften - Kitco PM Report
Spot gold and silver prices are weaker in thin holiday trading Friday, with U.S. cash equity and bond markets closed for Juneteenth and rate-sensitive flows continuing to lean against precious metals ...
How AI Boom Impacts Gold & Oil Futures Amid U.S.-Iran MOU
David McAlvany talks about how the AI boom is impacting the gold market as futures trade nearly 25% below all-time highs. He turns elsewhere in the commodity space by offering his outlook for crude oi...
Gold Price Analysis – Gold Drifts a Bit Lower on Juneteenth
Gold drops into the weekend as traders are trying to sort out inflation, the interest rate markets, and, of course, the situation in the Middle East. Markets continue to hang in the balance due to the...
Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs Policy Signals Amid Iran-Israel Conflict — Next Leg Lower?
The ongoing US-Iran ceasefire amid Iran-Israel tensions allowed gold and silver to focus on technical levels. Gold retested $4,172 support while silver traded at $65.24.
Gold and Silver Price Forecast – Fed Hawkish Signal Pressures Metals
Gold and silver remain under pressure as the Fed's hawkish signal supports the US dollar and Treasury yields, while the US-Iran peace agreement may limit downside risks.
Wall Street bears back in control after the Fed's hawkish outlook, Main Street leans bullish despite gold's backslide to $4,200/oz
Gold prices saw another volatile week, as early safe-haven demand from Middle East uncertainty gave way to heavy selling after the Federal Reserve held rates steady but signaled that a 2026 rate hike ...
Gold (XAU/USD) Price Forecast: Can Bulls Defend Fibonacci Support?
Gold extends its decline after failing resistance near $4,382, with price now testing key Fibonacci support zones that may determine whether the broader downtrend continues.
Hawkish Fed could push gold prices back to $4,000 next week
After gold held critical support at $4,000 and gapped higher at the start of the week, fortunes have once again shifted in the gold market as prices look to end the shortened trading week back where t...
Gold And Silver Futures Fall As Fed Indicates Future Hikes
Following its Wednesday meeting, the Federal Reserve said the economy is “expanding at a solid pace despite elevated uncertainty,” pointing to the war in Iran. The Fed, in announcing the unanimous dec...
Spot gold at $4,250/oz after U.S. weekly jobless claims dip to 226k
Gold prices coming off their recent lows on Thursday morning following the release of steady labor market data after the number of Americans filing new claims for unemployment benefits were in line wi...
Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds Amid Iran-Israel Tensions — XAU Dips to $4,275, XAG at $68?
The ongoing US-Iran ceasefire amid Iran-Israel tensions allowed gold and silver to focus on technical levels. Gold retested $4,275 support while silver traded at $68.
Gold Vs. Bitcoin: Gold Outperforms as BTC Tests Long-Term Support
Gold is gaining strength against Bitcoin as BTC remains under pressure near long-term support, with ratio signals suggesting gold may continue to outperform in the medium term.
Gold, Bitcoin, And The New Safe-Haven Playbook
The Iran conflict that began on February 27, 2026, provided what analysts called a "real-time stress test" for the safe-haven claims of both gold and Bitcoin — and the results were not what the crypto...
Warsh's focus on price stability sends gold prices lower
The gold market is trying to find its footing after the Federal Reserve left interest rates unchanged but signaled a hawkish tilt, showing support for at least one potential rate hike by the end of th...
Gold (XAU/USD) Price Forecast: Downtrend Holds as Resistance Strengthens
Gold reversed lower after testing key resistance near the 20-day moving average, reinforcing a bearish structure marked by lower highs and potential renewed downside pressure.
Persistent inflation, oil-driven price shocks and higher-for-longer rates will cap gold's medium-term upside – SocGen
Even when real yields decline and the dollar weakens, gold prices could struggle to catch a bid as strong equity markets will continue to draw investors to risk assets, according to commodity analysts...
Spot gold nears session high as U.S. pending home sales surprise with 3.8% rise in May
Hopes for a stabilizing U.S. housing market were bolstered after the number of potential home buyers rose beyond expectations last month, according to the latest data from the National Association of ...
Central banks are bringing gold reserves home as geopolitical risks rise
Central banks are set to increase their gold reserves over the next year, according to a new World Gold Council survey. More reserve banks are increasing their domestic bullion holdings, or diversifyi...
Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs FOMC Decision — Can Gold Hold Support or Silver Extend?
The ongoing US-Iran ceasefire amid Iran-Israel tensions allowed gold and silver to focus on technical recoveries. Gold rebounded off $4,345 channel support while silver traded at $70.22.
How Regulators Learned To Police Gold At Machine Speed
In January 2018, the U.S. derivatives regulator did something it had never done in one swoop. It announced settlements with Deutsche Bank, UBS and HSBC over the same trick, in the same market, on the ...
Gold (XAU/USD) Price Forecast: Momentum Builds Toward Major Resistance Test
Gold rebounds above the 10-day moving average after a bullish reversal from key support, now approaching major resistance near the 200-day moving average at $4,459.
Central banks plan to keep buying more gold. Here's an interesting step they're taking to store it safely.
While gold prices on Comex haven't touched a record high since late January, a key reason for their climb back then to all-time intraday highs above $5,600 an ounce — namely, buying by global central ...
Barclays sees gold hitting $4,791 in 2026, $4,900 in 2027 as Iran correction fades, structural drivers reemerge
Gold's 26% decline during the Iran conflict came from a boost to the dollar, yields and equities which overwhelmed the yellow metal's safe-haven appeal, but persistent inflation, policy uncertainty an...
Gold (XAUUSD) & Silver Price Forecast: Truce Stability vs Inflation Pressure Amid Iran-Israel Conflict – Upside Ahead?
The ongoing US-Iran ceasefire amid Iran-Israel tensions allowed gold and silver to focus on technical recoveries. Gold rebounded off $4,345 channel support while silver traded at $70.60.
Record 45% of central banks plan to increase gold holdings, WGC survey finds
Central bank demand has been a solid pillar of support for the gold market as prices pushed to all-time highs at the start of the year. According to the latest report from the World Gold Council, offi...
Gold Edges Higher, Extending Gains After U.S.-Iran Ceasefire
Gold edged higher in early Asian trade, extending gains from Monday after the U.S. and Iran reached an interim peace deal that helped ease global inflation concerns, ANZ Research analysts said.
