On January 23, 2025, gold prices (XAUUSD) are expected to decline due to better-than-expected US Initial Jobless Claims data and Donald Trump’s speech announcing higher government spending plans. These factors indicate economic resilience, reducing demand for gold as a safe-haven asset.
Today’s given signal : https://t.me/calendarsignal/16720
Reasons for Decline in Gold Prices
- Strong US Initial Jobless Claims Data:
- The Initial Jobless Claims for the previous week came in at 217000.
- This data signals a healthy labor market with fewer layoffs, boosting confidence in the US economy and reducing the need for safe-haven assets like gold.
- Trump’s Higher Spending Speech:
- Former President Donald Trump announced plans for increased infrastructure and defense spending, promising a significant fiscal boost to drive economic growth.
- Increased government spending typically fuels optimism about economic expansion, strengthening the US dollar and Treasury yields, which negatively impact gold prices.
Why It Matters:
- Strong labor data and higher spending reduce economic uncertainty, steering investors toward riskier assets and away from gold.
- Expectations of increased government borrowing and economic growth push up Treasury yields, making non-yielding assets like gold less attractive.
Previous released data results :
On last Initial Jobless claims Data (16-1-2025) we predicted good data, as per that we suggest to SELL XAUUSD & as a result, we made a profit of 44 points according to the signal we gave.
Check last given signal : https://t.me/calendarsignal/16633
Performance : https://t.me/calendarsignal/16646
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