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U.S. Housing Starts Jump 19% in June, but Gold Remains Trapped Below $4,000

2026-07-17 22:33:51

According to Kitco News, citing Commerce Department data announced Friday, U.S. housing starts surged 19% in June to a seasonally adjusted annual rate of 1.47 million units, significantly exceeding economist expectations of 1.31 million units. However, building permits fell 3% to 1.37 million units, signaling limited recovery momentum ahead.

The housing market data failed to support gold prices, which remain under pressure as safe-haven demand stays muted. Spot gold last traded at $3,966.60 per ounce, down 0.22% on the day, unable to sustain support above $4,000.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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U.S. June Construction Permits Drop 3% Month-Over-Month, Missing Expectations

U.S. Pending Home Sales Index Drops 5.4% in June, Gold Retreats Below $4,000

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