Stock Track | ProShares Ultra Gold Plummets 5.01% Intraday on Fed Rate Hike Bets and Dollar Demand

Stock Track

Mar 21

ProShares Ultra Gold (UGL), an exchange-traded fund that seeks twice the daily performance of gold, fell 5.01% during intraday trading on Friday.

The decline aligns with a broader sell-off in gold, which is facing pressure from shifting interest rate expectations. Traders have dramatically scaled back bets on Federal Reserve rate cuts this year and are now pricing in a possibility of rate hikes, as inflation concerns mount due to soaring energy prices from Middle East conflicts. Higher interest rates boost the U.S. dollar and Treasury yields, diminishing the appeal of non-yielding gold.

Additionally, market speculation about potential gold reserve sales by Gulf states to cover fiscal shortfalls, alongside signs of tightening global U.S. dollar liquidity, have contributed to the downturn. Investors may be selling gold to raise dollar cash, exacerbating the decline.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1169538962"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1169538962\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1169538962?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-21 02:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1169538962","market":"hk","top_or_hot":-1,"title":"Stock Track | ProShares Ultra Gold Plummets 5.01% Intraday on Fed Rate Hike Bets and Dollar Demand","media":"Stock Track","content":"<p>ProShares Ultra Gold (UGL), an exchange-traded fund that seeks twice the daily performance of gold, fell 5.01% during intraday trading on Friday.</p><p>The decline aligns with a broader sell-off in gold, which is facing pressure from shifting interest rate expectations. Traders have dramatically scaled back bets on Federal Reserve rate cuts this year and are now pricing in a possibility of rate hikes, as inflation concerns mount due to soaring energy prices from Middle East conflicts. Higher interest rates boost the U.S. dollar and Treasury yields, diminishing the appeal of non-yielding gold.</p><p>Additionally, market speculation about potential gold reserve sales by Gulf states to cover fiscal shortfalls, alongside signs of tightening global U.S. dollar liquidity, have contributed to the downturn. Investors may be selling gold to raise dollar cash, exacerbating the decline.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | ProShares Ultra Gold Plummets 5.01% Intraday on Fed Rate Hike Bets and Dollar Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | ProShares Ultra Gold Plummets 5.01% Intraday on Fed Rate Hike Bets and Dollar Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2026-03-21 02:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>ProShares Ultra Gold (UGL), an exchange-traded fund that seeks twice the daily performance of gold, fell 5.01% during intraday trading on Friday.</p><p>The decline aligns with a broader sell-off in gold, which is facing pressure from shifting interest rate expectations. Traders have dramatically scaled back bets on Federal Reserve rate cuts this year and are now pricing in a possibility of rate hikes, as inflation concerns mount due to soaring energy prices from Middle East conflicts. Higher interest rates boost the U.S. dollar and Treasury yields, diminishing the appeal of non-yielding gold.</p><p>Additionally, market speculation about potential gold reserve sales by Gulf states to cover fiscal shortfalls, alongside signs of tightening global U.S. dollar liquidity, have contributed to the downturn. Investors may be selling gold to raise dollar cash, exacerbating the decline.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UGL","symbol_name":"2倍做多黄金ETF-ProShares","start_time":0,"source_url":"","article_id":"1169538962","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1169538962","pubTimestamp":1774032435,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"ProShares Ultra Gold (UGL), an exchange-traded fund that seeks twice the daily performance of gold, fell 5.01% during intraday trading on Friday.The decline aligns with a broader sell-off in gold,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UGL":"2倍做多黄金ETF-ProShares"},"translate_title":"个股追踪|ProShares Ultra Gold盘中暴跌5.01%受美联储加息押注和美元需求影响","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UGL":1},"content_text":"ProShares Ultra Gold (UGL), an exchange-traded fund that seeks twice the daily performance of gold, fell 5.01% during intraday trading on Friday.The decline aligns with a broader sell-off in gold, which is facing pressure from shifting interest rate expectations. Traders have dramatically scaled back bets on Federal Reserve rate cuts this year and are now pricing in a possibility of rate hikes, as inflation concerns mount due to soaring energy prices from Middle East conflicts. Higher interest rates boost the U.S. dollar and Treasury yields, diminishing the appeal of non-yielding gold.Additionally, market speculation about potential gold reserve sales by Gulf states to cover fiscal shortfalls, alongside signs of tightening global U.S. dollar liquidity, have contributed to the downturn. Investors may be selling gold to raise dollar cash, exacerbating the decline.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}