Spot gold has just broken through the $4,090.00/ounce mark, now quoted at $4,089.88/ounce, up 0.90% on the day; main COMEX gold futures are now quoted at $4,092.00/ounce, up 0.52% on the day.
智通财经2026/07/27 14:11Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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U.S. existing home sales fall to a 16-year low as high interest rates and inflation continue to suppress housing demand
In October, U.S. existing home sales declined by 5.5% month-on-month, with the annualized rate dropping to 3.75 million units, the lowest since 2010. In the Western region, sales fell to the lowest level since record-keeping began in 1999. Mortgage rates above 7% and persistently high inflation are the main reasons for this downturn. Meanwhile, existing home inventory for sale in October rose to the peak level seen in the same period of 2019, and price momentum has significantly weakened. According to the NAR chief, once interest rates turn around, suppressed homebuying demand could erupt all at once.
