By: Neils Christensen
(Kitco News) – The gold market is seeing some renewed buying but remains under pressure for the third straight session following weaker-than-expected U.S. housing data.
Wednesday, the Commerce Department’s latest report showed that U.S. housing starts fell 4.8% in to a seasonally adjusted annual rate of 1.155 million units in July, down from June’s revised rate of 1.213 million units. Consensus forecasts compiled by most news organizations called for starts to be around unchanged, holding around 1.22 million units.
By: Neils Christensen
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