Yesterday, the U.S. Census Bureau reported (opens pdf) on the developments in number of new homes sold in the U.S during November 2012: the number of new homes sales rose compared with the number of new homes sold during October 2012.
According to the latest report, during November2012 the annual rate of number of U.S new home sales reached 377,000 (seasonally adjusted); this figure is 4.4 percent above the revised annual rate in October2012 of 361,000 sales, and it is also 15.3% above the annual rate in November2011.
The median sales price of new dwellings sold in November2012 rose to reach $246,200.
This news didn’t seem to affect much the U.S stock markets as the U.S stock markets including NASDAQ and S&P500 are slightly fell.
In the commodities markets, many commodities including gold, silver and natural gas were traded slithery up.
Moreover, precious metals are currently trading slightly down. There is a tendency of a negative relation (that should be taken with a grain of salt) between the changes in new home sales and bullion prices: as the number of homes sold rise, precious metals tend to decline.
Current gold price, short term futures (short term 2012 delivery) is traded at $1,660.9 per t oz. a $2.9 decrease or 0.17%, as of 10:11*.
Current silver price, short term futures (short term 2012 delivery) is traded at $30.12 per t oz. a $0.12 decrease or 0.4%, as of 10:11*.
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