gold prices slips into neutral as U.S. existing home sales drop 5.9% in July falling to a nearly two-year low

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This is the sixth straight decline in existing home sales and the pace of sales is at its lowest point in nearly two years when the COVID-19 pandemic significantly disrupted the market.The gold market continues to pay little attention to economic data as it tries to hold on to gains. December gold futures last traded at $1,777.40 an ounce, roughly unchanged on the day.

Yun described the housing market as being in a recession; however, weaker demand has had a limited impact on prices.

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