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U.S. Pending Home Sales Index Drops 5.4% in June, Gold Retreats Below $4,000

2026-07-16 21:05:56

According to the National Association of Realtors, the U.S. Pending Home Sales Index dropped 5.4% in June, significantly worse than the 0.5% decline economists had forecasted. The NAR announced the data on Thursday, citing elevated mortgage rates and record-high home prices as headwinds for the housing market.

Gold prices remained pressured despite the disappointing housing data. Spot gold last traded at $3,992.80 per ounce, down 1.6% on the day, as the market remains focused on the prospect of additional interest rate hikes amid relative economic resilience.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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