U.S. new home construction falls 4.5% in January
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Thursday, the Commerce Department said that housing starts dropped to 1.309 million units in January, down 4.5% from December's revised estimate of 1.371 million units.The gold market is not seeing much reaction to the disappointing housing construction data. Spot gold prices on Kitco.com last traded at $1,836 an ounce, roughly unchanged on the day.
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