Gold Edges Up As U.S. Existing Home Sales Disappoint

Gold prices edged up after U.S. existing homes sales missed expectations in June, according to the latest report from the National Association of Realtors (NAR).

Existing home sales decreased 1.7% last month to a seasonally adjusted and annualized rate of 5.27 million units, compared to May’s annualized rate of 5.34 million homes, the association said on Tuesday. The drop comes following an advance of 2.9% in May. Economists were expecting to see an uptick of 0.2% to 5.35 million units.

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