Spot gold price near low after U.S. housing starts fall 5.2%, building permits fall 0.2% in September - Kitco
Spot gold price near low after U.S. housing starts fall 5.2%, building permits fall 0.2% in September - Kitco
Source: Kitco
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DW NOTE
Housing starts fell 5.2% in September while gold trades at $4,142 — down 22% from January's $5,318 peak. The correlation broke months ago: residential construction is contracting into a Fed tightening cycle while monetary hedges deflate despite oil at $108 and the Strait of Hormuz still closed. Markets have decided neither inflation nor geopolitical supply shocks justify holding gold at crisis premiums.