Gold off session lows after U.S. durable goods rise 7.9% in April

Source · https://www.kitco.com/news/article/2026-05-28/gold-session-lows-after-us-durable-goods-rise-79-april

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U.S. durable goods orders rose 7.9% in April, significantly exceeding the economist consensus of 3.5%. — Stronger-than-expected economic data typically strengthens the USD and suggests a robust economy, which puts downward pressure on non-yielding assets like gold.

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Core durable goods orders increased by 1.1% in April, beating the forecast of 0.5%. — Growth in core orders confirms underlying industrial strength, reinforcing a hawkish outlook for monetary policy and weighing on precious metals.

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Non-defense capital goods orders excluding aircraft manufacturing declined by 1.1%, missing the expected 0.4% increase. — Weakness in this specific business investment metric provides a partial offset to the headline growth, suggesting pockets of economic vulnerability.

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Gold off session lows after U.S. durable goods rise 7.9% in April

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Gold off session lows after U.S. durable goods rise 7.9% in April

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