FX & CFD trading involves significant risk
Activity in the gold market on the eve of Christmas holidays came to an end. The volume of orders for durable goods in the U.S. rose in November compared with October at 3.8%, or$ 7.5 billion - up to 207 billion dollars. Thus, the November data were significantly better than forecasts of analysts, who expected growth rate of only 2%.
However, the negative impact on investor sentiment has statistics on expenditures and incomes of Americans in November, which showed growth of only 0.1%. Analysts had forecast growth of spending 0.3% of income - by 0.4%.
The growth potential of the "yellow metal" is now limited and trade corridor remains in effect for under $ 1605 - $ 1615 per troy ounce in February gold futures at the Comex trading in New York.
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