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Commodities•13 April 2026•

1 min read

Gold Prices Struggle to Gain Momentum Despite 3.6% Drop in U.S. Existing Home Sales

World map with commodities like oil, gold, coffee, wheat, and metals, overlaid with an upward green arrow and financial charts.

Key Facts

1U.S. existing home sales dropped by 3.6% in March.

2Gold prices are struggling to gain momentum despite the weak economic data.

Gold prices remained under pressure despite the release of weak economic data from the United States. Recent reports indicated that existing home sales fell by 3.6% in March, reflecting a significant slowdown in the housing sector. While disappointing economic indicators typically support gold as a safe-haven asset, the precious metal failed to capitalize on the news. Analysts suggest that broader macroeconomic factors, including interest rate expectations and U.S. dollar strength, are currently overshadowing traditional market reactions. This inability to rally despite poor housing data signals strong overhead resistance and a lack of buying interest in the short term. Investors continue to monitor the Federal Reserve for further clues regarding the future path of monetary policy and its impact on commodities.

Version History

3 additional sources confirmed this story