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Market Impact: 0.2
gold off its lows but largely ignores 2% drop in U.S. existing home sales
Source: kitco.com
Commodities & Raw MaterialsHousing & Real EstateEconomic Data
Gold recovered from intraday lows but remained under pressure as U.S. housing data pointed to continued market stabilization. Existing-home sales fell to their lowest level since February, a development that may temper demand for gold as a defensive asset.
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Overall Sentiment
mildly negative
Sentiment Score
-0.25
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