U.S. GDP Grew 4.3%, Surging in Third Quarter of 2025

Gold prices have surged above $4,500 per ounce for the first time, driven by escalating geopolitical tensions, particularly between the U.S. and Venezuela, alongside rising concerns in Eastern Europe and frictions between China and Japan.

Starting the week of Jan. 7, the Education Department will notify approximately 1,000 of the five million borrowers in default about impending paycheck deductions. The federal government’s student aid website indicates that up to 15 percent of a defaulted borrower’s paycheck may be garnished after other deductions, such as taxes, are accounted for.

Crude oil futures experienced a slight decline as the U.S. intensified its actions against Venezuela, particularly focusing on cutting off the country's oil trade and increasing pressure on Nicolás Maduro's regime. This comes amid ongoing geopolitical tensions involving Russia and Ukraine, which continue to influence market dynamics.

Consumer sentiment in the U.S. has declined for the fifth consecutive month in December, driven by persistent concerns regarding job security and overall economic conditions, as reported by a monthly survey.

Demand for U.S. durable goods experienced a decline in October, as reported by the Commerce Department, marking a shift after two consecutive months of increases. This downturn highlights potential weaknesses in consumer spending and manufacturing sectors.

Treasury yields increased following the release of robust U.S. GDP data, which indicated stronger-than-expected economic growth in the third quarter. This rise in yields reflects investor confidence in the economy's performance.