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

Market News
17 Sep 2026
Kitco
View Source
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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FREELANDER debuts international test drive and brand event at 2026 Chery User Summit in China

FREELANDER debuts international test drive and brand event at 2026 Chery User Summit in China

FREELANDER participated in the 2026 Chery International User Summit in Wuhu, China, showcasing the international variant of its FREELANDER 8 model through a day-and-night program on October 19. The day featured the first international test drive on c...

Others
Bullish
2 hours ago
Kingfisher Mining raises $2.25M to boost Copper Blow copper-gold exploration near Broken Hill.

Kingfisher Mining raises $2.25M to boost Copper Blow copper-gold exploration near Broken Hill.

Kingfisher Mining secured $2.25 million through a share placement at a 5.6% premium to fund expanded drilling and exploration at its Copper Blow Project near Broken Hill. Recent drilling showed promising copper-gold grades, with significant untested ...

Market News
Bullish
4 hours ago
Brunswick upgraded to soft buy as growth and AI investments boost outlook despite challenges

Brunswick upgraded to soft buy as growth and AI investments boost outlook despite challenges

Brunswick Corporation has been upgraded to a soft 'buy' rating due to its attractive valuation amid macroeconomic challenges and recent share underperformance. The company's Propulsion and Engine P&A segments are driving strong growth through market ...

Analyst Insights
Bullish
4 hours ago
Address lost an estimated $430K after buying ETH at $2,667 and later depositing at $2,364 per token.

Address lost an estimated $430K after buying ETH at $2,667 and later depositing at $2,364 per token.

An Ethereum (ETH) holder bought tokens in September at an average price of $2,667.77 each, then withdrew 1,417.77 ETH from Binance when the price was about $3.78 million total. Later, the same address deposited all these ETH to an exchange at a lower...

Market News
Bearish
4 hours ago
$11.81M short position in Ether futures liquidated on Binance at $2,423

$11.81M short position in Ether futures liquidated on Binance at $2,423

A single short position worth $11.81 million in Ether (ETH) perpetual futures was liquidated on Binance at a price of $2,423 on October 18. This liquidation involved only one position and is specific to Binance's ETH perpetual futures market, not spo...

Market News
Neutral
4 hours ago
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