Today's US data will significantly impact the price of gold. 28-1-2025

Positive US Durable Goods Orders and Consumer Confidence Data generally signal a strong economy, which often leads to a decline in gold prices. Both indicators highlight economic optimism, reducing the appeal of gold as a safe-haven asset.

Today’s given signal : https://t.me/calendarsignal/16774

Factors Affecting the Data Releases

Durable Goods Orders:
- Business and Consumer Spending: High durable goods orders reflect strong spending on big-ticket items like appliances, machinery, and vehicles.
- Interest Rates: Lower borrowing costs drive higher investment in durable goods.
- Global Trade Conditions: Increased exports of durable goods boost overall order volumes.
Consumer Confidence Index:
- Job Market Stability: Confidence rises when unemployment is low, indicating economic strength.
- Income Growth: Increased consumer income encourages spending, reflecting higher confidence.
- Inflation Expectations: If inflation is stable or declining, confidence tends to improve.

Effect on Gold Prices

Stronger US Dollar:
- Positive Durable Goods and Consumer Confidence data strengthen the US dollar as they boost economic sentiment. A strong dollar makes gold more expensive for foreign investors, reducing demand.
Higher Treasury Yields:
- Economic optimism often leads to tighter Federal Reserve policies, increasing Treasury yields and making non-yielding gold less attractive.
Reduced Safe-Haven Demand:
- As confidence in the economy grows, investors shift to riskier assets like equities, reducing gold’s appeal.

Historical Trend Analysis (Last 10 Years)

Durable Goods Orders (Billion USD):

2020: $290.1B (pandemic drop)
2021: $320.5B (rebound)
2023: $315.4B (stabilized)

Consumer Confidence Index:

2018: 128.5 (peak confidence)
2020: 85.7 (pandemic low)
2023: 102.5 (moderate recovery)

Previous released data results :

On last U.S. CB Consumer Confidence Data (23-12-2024) we predicted good data, as per that we suggest to SELL XAUUSD & as a result, we made a profit of 31 points according to the signal we gave.

Check last given signal : https://t.me/calendarsignal/16479

Performance : https://t.me/calendarsignal/16494