Spot gold at session lows after U.S. pending home sales surprise with 3.3% rise in November | Metals Mine

  • Spot gold at session lows after U.S. pending home sales surprise with 3.3% rise in November

    From kitco.com

    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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