Poor housing data New York gold price high 0.5%

"MarketWatch New York May 19," Beijing time May 20 early morning, New York market, the main gold futures contracts moderate high income. The latest economic data show that in April the number of new housing construction and construction permits was the lowest since the relevant statistics were created, and the sentiment of investors who had expected the real estate sector to emerge from the doldrums was hit.　　Once the economic outlook turns dark, the attractiveness of gold will grow. Fred Dickson, chief market analyst at Davidson Companies, said: "The number of new homes opened in April this morning was 12.8% lower than in March, indicating that the housing market is still not bottoming out." He added: "While credit conditions are improving and job losses are showing signs of slowing, the real estate industry remains the Achilles heel of the US economy." We still believe that the fastest recovery will have to wait until the fourth quarter of this year. "Up to Tuesday 1:30 (Beijing time Wednesday 1:30 A.M.), the New York Mercantile Exchange Comex department listed the June gold contract rose 5 U.S. dollars, closed at 926.70 U.S. dollars/ounces, up 0.5%. The maximum value of the contract is USD 929.20, with a minimum of USD 917.60.