U.S. New Home Sales Data on GOLD- 26-7-2023

Impact for XAU/USD: Gold, denoted as XAU in the forex market, is often viewed as a safe-haven asset during times of economic uncertainty. When U.S. New Home Sales Data indicates a weaker housing market, investors may flock to gold as a hedge against possible market volatility. Consequently, the XAU/USD pair tends to experience upward pressure, … Continue reading U.S. New Home Sales Data on GOLD- 26-7-2023