Gold Attempts To Break Away From Daily Lows As U.S. Existing Home Sales Disappoint

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signs of improvement in home sales, home prices, and mortgage loan growth over the past few months. Existing-home sales grew 4.0% y/y in Q2, the first increase since Q1 2017. Toronto, Montreal, and Calgary all posted positive growth, while Vancouver declined. Home price appreciation varies greatly city by city. Toronto has seen

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Gold continued to lose steam on Thursday as bullish market sentiments drove investors away from safe-haven assets. A stronger dollar has also meant that gold is more expensive for traders holding foreign currencies. Prices of gold futures for February delivery declined 0.2% to $1,130.70 a troy ounce on Thursday.

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(Kitco News) – Gold prices edged up from nearly three-week lows after U.S. pre-existing homes sales missed expectations in April, according to the latest report from the National Association of Realtors (NAR).

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Experts say that this isn’t the best time to indulge in gold exchange. gold futures fell as much as 1.6 percent to $1,236.50 an ounce on the Comex. This is the low down for a most-dynamic contract since May 17. The metal for august delivery exchanged at $1,245.90 an ounce at 1:05 p.m. in Singapore on Tuesday.

Gold / Silver / Copper Prices – Weekly Outlook: May 7 – 11. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other.

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GOLD PRICES slipped Friday afternoon in London, ending the week with a 1.0% gain after stronger-than-expected US jobs data. The US economy added 321,000 net jobs in November, the Bureau of Labor Statistics said – the strongest growth since May 2010, and the 50th consecutive month of net growth.