data macro U.S. new home sales surge in August, gold price trims early-morning gains
Gold edged down as the U.S. new home sales came in above expectations in August with a jump of 28.8%. The prior month’s number was revised up but still marked a drop in sales.
Looking at home prices, the report said that the median sales price for homes sold last month was $436,800, while the average price was $521,800. Analysts were surprised by the jump in new home sales in August, but with higher mortgage rates on their way, they don't see this strength lasting.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: