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Gold dips as U.S. new home sales beat expectations with 6.4% rise in August

Market News
24 Sep 2026
Kitco
View Source
Neutral
Gold dips as U.S. new home sales beat expectations with 6.4% rise in August

U.S. new home sales surged 6.4% in August, doubling forecasts and signaling strength in the housing market despite recent Fed rate hikes. Sales hit an annualized rate of 684,000 units, above the expected 620,000, with July sales also revised higher. The median new home price was $393,700, and inventory stood at an 8.5-month supply. This stronger housing data pressured gold prices, which fell to session lows, reflecting shifting investor sentiment amid improving economic indicators.

Gold price movements and U.S. new home sales data provide context for real estate sector activity on Pluang. For readers following real estate stocks, here is Pluang's market snapshot as of Sep 24, 2026 19:14 WIB: Among 26 priced US real estate stocks, 8 rose and 12 fell today. Notably, NLY increased by 0.33% to USD 21.11 with a typical hold time of 94 days and a 70% buy order activity, contrasting with EQIX which fell 0.25% to USD 1,035.02 despite 100% buy orders and a longer hold time of 109 days. EPR also rose by 0.23% to USD 57.05 with 100% buy orders and a shorter hold time of 40 days.

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