Gold Holds Above $4,000 as U.S. New Home Sales Decline

Gold prices remain steady above the $4,000 mark per ounce amid ongoing weakness in the American housing market. New home sales dropped 0.6% to an annualized rate of 676,000 units, slightly above forecasts of 651,000. Year-over-year sales have fallen 12.5%, with elevated prices continuing to deter buyers.