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Gold prices rise as US housing starts fall below expectations in July

Market News
17 Sep 2026, 15:49 WIB
Kitco
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Bearish
Gold prices rise as US housing starts fall below expectations in July

Gold prices climbed near session highs after data showed US housing starts dropped 2.6% in July to 1.275 million units, missing expectations of 1.310 million. Building permits also declined 2.7% to 1.394 million in August, signaling continued weakness in the housing market. This sector's slowdown weighs on the US economy due to high prices and mortgage rates driven by the Federal Reserve's rate hikes. The weaker housing data boosted gold as investors seek safe-haven assets amid economic uncertainty.

Gold prices near session highs provide context for this report on U.S. housing starts and building permits. For readers following real estate sector stocks on Pluang as of Sep 17, 2026 19:02 WIB: out of 22 priced US real estate stocks, 16 rose and 2 fell. Notable movers include EPR Properties at USD 57.41 with a 0.70% increase and 100% buy order activity, American Tower Corp at USD 177.49 with a 0.62% rise and 80% sell order activity, and VICI Properties Inc at USD 24.20 with a 0.54% gain and 100% buy order activity.

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