The latest data from the U.S. Census Bureau and the Department of Housing and Urban Development revealed a seasonally adjusted annualized rate of 607,000 units. This figure fell short of the 620,000-unit consensus, marking a stark contrast to June's upwardly revised pace of 678,000. On an annual basis, sales have now contracted by 6.3% compared to July 2025 levels.
Gold Stumbles as New Home Sales Miss Expectations
A sharp 10.5% plunge in U.S. new home sales during July has failed to ignite a rally for gold, as investors prioritize profit-taking over safe-haven positioning. The precious metal retreated from its overnight resistance, trading at $4,618.80 an ounce despite the housing sector's deepening struggle.
Gold prices shed 0.68% during the session, signaling that the market is currently ignoring the cooling housing data in favor of locking in gains. While analysts suggest the metal maintains a floor as a defensive asset, the immediate price action remains anchored by technical resistance tested at $4,700 earlier in the week.
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