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Gold holds steady despite US housing market gains reducing safe-haven demand.

Market News
13 Oct 2026
Kitco
View Source
Neutral
Gold holds steady despite US housing market gains reducing safe-haven demand.

Gold prices remain stable, trading near $4,166 an ounce, even as US housing data shows a 1.5% rise in existing-home sales for September. The increase in home sales, while positive, reflects a fragile market with sales still down 2.2% from last year and challenges from higher mortgage rates and low inventory. This dynamic reduces the demand for gold as a safe haven, but the market's overall cautious tone keeps prices relatively neutral. Investors will watch upcoming economic data and Federal Reserve moves for further impact on gold.

Gold price stability amid rising U.S. home sales offers context for market watchers. For readers following U.S. stocks on Pluang as of Oct 13, 2026 21:21 WIB: out of 150 priced stocks, 61 rose and 88 fell. Notable movers include FCEL at USD 15.55 with a 1-day change of -5.01%, JNJ at USD 251.10 down 4.79%, and MU at USD 946.56 down 4.30%.

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