Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.
(Kitco News) - The U.S. housing sector continues to lose momentum as fewer consumers bought new homes last month.
New home sales fell to a seasonally adjusted annualized rate of 591,000 homes in March down 16.65, the U.S. Commerce Department said on Tuesday. February’s sales were revised to rate of 709,000 units.
The gold market is not seeing much momentum following the disappointing housing data. June gold futures last traded at $1,861 an ounce, up 0.71% on the day.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @KitcoNewsNOW
