Spot gold at $4,385/oz after U.S. existing-home sales fall -1.7% to 4.06 million in July - KITCO
Spot gold at $4,385/oz after U.S. existing-home sales fall -1.7% to 4.06 million in July - KITCO
Source: KITCO
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DW NOTE
Existing-home sales have now fallen for nine consecutive months to the weakest pace since the pandemic lockdowns. Gold is at $4,385 because the Fed is holding rates at 3.75% while running an $1.9 trillion deficit and Hormuz remains mined shut. Housing is the symptom; monetary disorder is the disease.