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Gold holds above $4,000 as US new home sales dip but beat forecasts, keeping safe-haven appeal.

Market News
27 Oct 2026, 17:56 WIB
Kitco
View Source
Neutral
Gold holds above $4,000 as US new home sales dip but beat forecasts, keeping safe-haven appeal.

Gold prices remain steady above $4,000 per ounce despite a slight 0.6% drop in US new home sales to 676,000 units, which was still better than expected. The US housing market shows signs of weakness with a 12.5% decline in sales over the past year, but gold continues to attract investors seeking safety amid economic uncertainty. This suggests that gold's role as a safe-haven asset remains strong even as housing data fluctuates.

Gold prices holding steady above $4,000 amid US new home sales data provide context for readers. For those following US stocks on Pluang as of Oct 27, 2026 22:02 WIB, 83 out of 150 priced stocks rose while 67 fell. Notable movers include SOFI at USD 16.50 with a 14.10% gain and 74% buy order activity, Boeing (BA) at USD 170.61 down 9.40%, and Royal Caribbean Cruises (RCL) at USD 302.75 up 7.89%.

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