Gold ticks up as U.S. pending home sales surge in May

  • 06/30/2021
  • Source: Kitco
  • by: Anna Golubova
Gold ticks up as U.S. pending home sales surge in May
(Kitco News) Gold attempted to recover some of its early-morning losses as the U.S. pending home sales surprised on the upside in May.

The U.S. pending home sales were up 8% in May, rebounding after April’s 4.4% drop, the National Association of Realtors (NAR) said on Wednesday. Consensus forecasts were calling for a decrease of 0.8%.

The pending home sales index came in at 114.7 in May, marking the highest May reading since 2005.

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