DB Gold Double Long ETN due February 15, 2038 (DGP)

UBS and Deutsche Bank raised gold price forecasts, anticipating Federal Reserve rate cuts, strong central bank demand, and potential U.S. dollar weakness. The banks predict gold prices could reach $3,800-$4,000 per ounce by 2026.

NIO Inc. announced a proposed equity offering of up to 181,818,190 Class A ordinary shares, with plans to use proceeds for research and development, technology platforms, network expansion, and strengthening its balance sheet.

Palantir Technologies reported quarterly revenue exceeding $1 billion for the first time, representing a 48% year-over-year increase. CEO Alex Karp expressed confidence in growing revenue 10x in five years, with strong government contracts and high demand for its AI platform.

Two major European bank stocks, Barclays and Deutsche Bank, have outperformed the S&P 500 this year despite facing economic challenges. The banks have improved their returns and are trading at discounted valuations, suggesting potential long-term upside.

The British economy is expected to rebound in 2024, with the IMF and major banks revising their growth forecasts upwards. The Bank of England has also cut interest rates, which is expected to boost consumer confidence and spending.