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Gold prices holding above $1,850 as U.S. new home sales fall 16% in April

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May 24, 2022 Precious Metals News Comments Off on Gold prices holding above $1,850 as U.S. new home sales fall 16% in April



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(Wallace Refiners) – The U.S. housing sector continues to lose momentum as fewer consumers bought new homes last month.

New home sales fell to a seasonally adjusted annualized rate of 591,000 homes in March down 16.65, the U.S. Commerce Department said on Tuesday. February’s sales were revised to rate of 709,000 units.

The gold market is not seeing much momentum following the disappointing housing data. June gold futures last traded at $1,861 an ounce, up 0.71% on the day.



Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.



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The senior gold miners are ‘printing money’ – Soar Financial CEO Kai HoffmannPrevious post
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