US sales of new homes disappoint, gold prices are approaching daily highs

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New home sales "src =" https://www.kitco.com/news/2019-08-23/images/shutterstock_376319617-min.jpg

(News Kitco) – Gold prices have remained broadly unchanged following a lack of new home sales data in the United States since July.

Sales of new homes fell by 12.8% last month to a seasonally adjusted annualized rate of 635,000 homes, the US Department of Commerce said on Friday. June sales were revised at a rate of 728,000 units of 646,000 units.

The market consensus demanded that sales fell 0.2% to 649,000 units in July.

Gold prices remained close to the daily highs following data from December Comex gold futures traded at $ 1.515,30 per ounce, up 0.45% on the day.

On an annual basis, sales of new homes increased by 4.3% compared to the estimate last year of 609,000 units.

Looking at house prices, the report states that the average selling price of homes sold last month was $ 312,800, while the average price was $ 388,000.

The inventory of homes for sale at the end of July was 337,000, representing a supply of 6.4 months at the current sales rate.

24 hour live gold chart (Kitco Inc.) "style =" width: car; max-width: 100%; height: car

Disclaimer: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept blame for loss and / or damage resulting from the use of this publication.

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