#BreakingNews
๐ US January PMI: Expansion Holds, Momentum Cools
The US economy is still growing โ but the engine isnโt revving as hard as markets expected.
Key takeaways ๐
๐ธ Services PMI: 52.5
Missed expectations (52.8) and flat vs last month. Services remain in expansion, but growth is plateauing, not accelerating.
๐ธ Manufacturing PMI: 51.9
A marginal uptick from 51.8, yet still below forecasts. Manufacturing is stabilizing, not breaking out.
๐ธ Composite PMI: 52.8
Confirms the broader picture: steady expansion without overheating.
Macro read ๐ง
This is the textbook soft-landing setup:
Growth โ๏ธ
Inflation pressure contained โ๏ธ
No recession signal โ๏ธ
But also no runaway boom โ
For markets, this kind of data:
Keeps rate-cut expectations alive but cautious
Supports hard assets as growth slows without collapsing
Aligns well with goldโs strength as a hedge against policy uncertainty rather than panic
Bottom line:
The US economy isnโt stalling โ itโs downshifting. And historically, thatโs a friendly environment for $XAU when uncertainty stays elevated.
