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Gold price pushes to session highs as U.S. existing home sales drop 2.4%

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Gold price pushes to session highs as U.S. existing home sales drop 2.4%

Gold is holding renewed support above $4,100/oz and could see fresh momentum as U.S. housing activity remains lackluster. The article notes home sales continue to struggle, suggesting weaker consumer demand conditions that may support safe-haven demand for gold.

Analysis

Gold is holding renewed support above $4,100/oz and could see fresh momentum as U.S. housing activity remains lackluster. The article notes home sales continue to struggle, suggesting weaker consumer demand conditions that may support safe-haven demand for gold.

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