U.S. new home sales surprise with a jump in March, gold price trades below $2,000 gold economy newhomesales
Gold continued to trade just below the $2,000 level as the U.S. new home sales surprised on the upside in March, rising more than expected. However, the prior month’s advance was revised to a drop.
New home sales rose 9.6% last month and were at a seasonally adjusted annualized rate of 683,000 homes, the U.S. Commerce Department said on Tuesday. February’s sales were revised down to a rate of 623,000 units. Market consensus calls expected for sales to decline to 630,000 units in March.Looking at home prices, the median sales price for homes sold last month was $449,800, and the average price was $562,400.
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