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Can gold lose its safe-haven bid as U.S. Durable Goods rise more than expected in September
Solid activity in the U.S. manufacturing sector is creating modest selling pressure for gold, as easing recession fears weigh on the precious metal’s safe-haven allure. The Commerce Department announced Wednesday that U.S. durable goods orders rose 0.5% in September, following August’s revised 3.0% increase. The data aligned with economists’ expectations. Core durable goods, which strip out the volatile transportation sector, rose 0.6%, beating the consensus forecast for a 0.2% increase. Meanwhile, non-defense capital goods orders excluding aircraft increased 0.9% in September, also exceeding consensus ... (full story)
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New orders for manufactured durable goods orders in the US rose 0.5%, or $1.5 billion, to $313.7 billion in September, the US Census Bureau reported on Wednesday. This reading followed the 3% increase (revised from 2.9%) recorded in August and came in better than the market expectation for an increase of 0.3%. "Excluding transportation, new orders increased ...
From financemagnates.com | Nov 26, 2025
Gold price is rising another session in a row together with the broad precious metals market, benefiting among other things from dollar weakness during the Wednesday November 26, 2025 trading session. We're paying $4,167.47 per ounce according to spot pricing, which means a 0.85% increase compared to yesterday's close, while the yellow metal reached session ...
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