Spark Global Limited reports:
Gold and silver investors turned cautious ahead of the Fed’s policy meeting, offsetting some support from a weaker dollar. On Monday, gold slightly lower, ultimately failed to close above the 1800 mark, The Asian gold on Tuesday feared under pressure in 1805; Yesterday baiyin stabilized above the 25 mark, currently under pressure at 25.34; The DOLLAR index was on a volatile downtrend on Monday; The yield on the 10-year Treasury note rebounded after falling slightly yesterday and hovered at 1.28 per cent in Asia trading today.
On the news, new home sales fell 6.6% month-on-month in June, versus market expectations for a 4% rise, while may’s month-on-month decline widened to a revised 7.8%. At the same time, the median price of a new home in June was $361,800, up 6.06 per cent from a year earlier. The increase was significantly slower than the 18.1 per cent rise in May and a drop of nearly 5 per cent from May.
A record low in new home sales in June could signal weakening demand in an environment of high prices and tight supply. It could also signal that the red-hot housing market may be cooling.
On the agenda, can pay attention to today 18:00 UK released July CBI retail sales difference, forecast 20; 21:00 p.m. Watch the S&P/ CS20-metropolitan home price Index annualized for May; 22:00 CONFERENCE Board consumer confidence index for July.
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Reprint indicated source：Spark Global Limited information