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GOLD (May 24) rising as home sales beat expectations – May 24 , 2023

The US new home sales increased more than expected in April, leading to stable and increasing gold prices. The significant advance payment of the previous month has been adjusted lower. Yearly, new home sales have increased by 11.8% with an estimated 611,000 homes sold in April last year. The average selling price for homes sold last month was $420,800, with a…

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