Durable-Goods Orders Swung to a Decline in October

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.

The latest report from the U.S. Commerce Department reveals a stronger-than-expected economic backdrop, indicating that real gross domestic product (GDP) figures are more favorable than previously thought. This data is crucial as it influences job security, mortgage rates, and investment returns.

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.

The U.S. economy experienced a robust growth of 4.3% in the third quarter of 2025, surpassing previous expectations as consumer spending remained strong. This growth indicates a significant recovery trajectory following earlier economic challenges.

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.

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.