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Spot gold at session lows after U.S. pending home sales surprise with 3.3% rise in November
Hopes for a stabilizing U.S. housing market were bolstered after the number of potential home buyers rose beyond expectations last month, according to the latest data from the National Association of Realtors (NAR). The U.S. pending home sales index rose 3.3% in November, the NAR announced on Monday. The data was significantly better than forecasts, as economists expected a 1.0% rise. October’s print was revised to 2.4% from the initial reading of 19.%. Month-over-month pending home sales rose in the Northeast, Midwest, South, and West. For the year, pending home sales rose 2.6% against expectations for a -0.6% ... (full story)
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Pending home sales in November jumped by 3.3% from the prior month and 2.6% year over year, according to the National Association of REALTORS® Pending Home Sales Report. The report provides the real estate ecosystem, including agents and homebuyers and sellers, with data on the level of home sales under contract. Month-over-month and year-over-year pending ...
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Gold prices will reach $5,000 per ounce by September 2026, and any increase in political or economic turmoil surrounding the U.S. midterm elections could push the yellow metal to $5,400, according to commodity strategists at UBS. In a new report published on Monday, the Swiss banking giant announced that it was raising its gold price target to $5,000 per ...
