[vi] Gold price holding steady as U.S. existing home sales rise 1.5%

[vi]

[vi] (Kitco News) - The gold market continues to hold its own, trading in relatively neutral territory even as positive U.S. housing market data reduces safe-haven demand for the precious metal.

[vi] Total existing-home sales, including single-family homes, townhomes, condominiums and co-ops, increased 1.5% to a seasonally adjusted annual rate of 3.99 million in September, the National Association of Realtors (NAR) announced Thursday.

[vi] Spot gold last traded at $4,166.60 an ounce, down 0.1% on the day.

[vi] Despite last month’s improvement, the housing market remains fairly fragile, with existing-home sales down 2.2% from last year.

[vi] “Despite the small monthly gain on a seasonally adjusted basis, August and September marked the two slowest months for home sales this year,” said NAR Chief Economist Lawrence Yun. “Further increases in mortgage rates in recent weeks mean fewer buyers can qualify to purchase a home.”

[vi] The U.S. housing market has struggled through the summer as the Federal Reserve shifted to a tighter stance to address persistently elevated inflation. At the same time, low housing inventory has kept prices elevated, pricing many potential homebuyers out of the market.

[vi]

[vi] [Neils Christensen](/author/neils-christensen)

[vi] Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @KitcoNewsNOW

[vi] https://twitter.com/@KitcoNewsNOWhttps://www.linkedin.com//neils-christensen-16904a18/

[vi] Tags:

[vi] goldgold pricesUS housing marketNational Association of RealtorsNARus economyFederal Reserveinterest ratesmortgages

[vi] Share

[vi] Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

[vi] Trending News

[vi] Gold

[vi] Gold ETF demand defies rising bond yields as investors pour $31 billion into record third quarter – WGC Oct 12, 2026 - 10:33 AM

[vi] Gold

[vi] Gold prices struggle to hold early gains as U.S. dollar nears 18-month high, bond yields remain elevated - Kitco AM ReportOct 12, 2026 - 8:44 AM

[vi] Gold

[vi] Gold price needs a dovish Fed or renewed debasement fears to reverse its downtrend – Bank of America Oct 12, 2026 - 11:36 AM

[vi] Gold

[vi] Gold, silver soften as markets price in December Fed hike risk - Kitco PM ReportOct 12, 2026 - 5:02 PM

[vi] Gold

[vi] Gold’s next chapter is about more than $5,000 - LBMA 2026Oct 09, 2026 - 4:30 PM