Mixed Signals in US Housing Market as Gold Prices Remain Steady
TL;DR Summary
Gold prices remained near daily highs as US new home sales rose less than expected in February, surprising the market on the downside. The median sales price for homes sold last month was $438,200, and the average price was $498,700. The gold market was also digesting the Federal Reserve's latest quarter-point rate hike and Fed Chair Jerome Powell's more dovish press conference. Earlier in the session, gold hit a daily high of $1,987.80 an ounce.
- Gold price near daily highs as demand for new homes cools in the U.S. Kitco NEWS
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- US housing cost take rare dip and buyers are taking advantage Fox Business
- New Home Sales Rose Slightly After Revisions Erased January's Surge Mortgage News Daily
- U.S. home prices fell for the first time in 11 years. In Milwaukee, they're still rising. - Milwaukee Business Journal The Business Journals
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