International News
Gold remains firm at $4,140
The move above $4,100 confirmed that the bearish correction from the November peak is over, and bulls have shifted their focus to the November 14 high, at $4,210, on track for November’s peak, at $4,245.
A gentle uptick in US Treasury yields has breathed some life back into the US Dollar, putting a soft brake on the precious-metals rally. Even so, gold continues to edge upward. Spot gold is poised to end the week with a solid 2.7% gain, supported by growing conviction that the Federal Reserve is nearing an easing cycle.
Earlier on Friday, gold briefly stalled near the $4,190 mark as the Dollar steadied during the quiet Thanksgiving trading hours. Yet selling pressure has been shallow, with buyers consistently defending the $4,140 zone.
Meanwhile, the US Dollar Index is lifting off recent lows, helped by the modest rebound in yields, though the gauge is still heading toward one of its steepest weekly declines in several months.
The move above $4,100 confirmed that the bearish correction from the November peak is over, and bulls have shifted their focus to the November 14 high, at $4,210, on track for November’s peak, at $4,245.
On the downside, the mentioned $4,140 support (November 27 low) keeps the bullish trend in play. A bearish reaction below here brings the November 25 low, near $4,100, to the focus, ahead of the November 21 and 24 lows between $4.025 and $4,040.
International News
US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
While Overall Buying Power Remains High, Ongoing Inflation and Rising Household Costs Mean Some Families Will Have To Watch Their Spending More Carefully Than Others
The National Retail Federation (NRF) predicts Americans will spend $1.01 trillion on holiday shopping in November and December. That is a 4.2% jump from $972 billion last year.
NRF said its forecast was based on economic modeling that incorporates consumer spending, employment, wages and historical retail sales data. It excludes automobile, gasoline and restaurant sales
Extra Hiring: To handle the surge in shoppers, stores plan to hire 325,000 to 375,000 temporary holiday workers.
Mixed Budget Impact: Higher gas prices and inflation could still strain some family budgets, affecting low- and high-income shoppers differently.
Retailers expect a strong shopping season because people continue to make holiday spending a priority.
Store owners are ready to attract shoppers by offering competitive prices, deals, and choices for every budget.
While overall buying power remains high, ongoing inflation and rising household costs mean some families will have to watch their spending more carefully than others.
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US Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
Belgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
Limelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
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International News17 hours agoUS Holiday Shopping Expected To Top $1 Trillion For The First Time: NRF
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National News10 hours agoBelgian Consul General H. E. Mr. Pierre Stverlynck Graces BDB Annual Day
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National News11 hours agoLimelight Lab Grown Diamonds Crosses 100 Stores Milestone This Dussehra: Targets 200 In 2027
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New Premises12 hours agoJoyalukkas Opens Its 2nd Bengaluru Showroom in Jayanagar
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