(Kitco News) – Gold prices are trading near flat on the session this morning after the latest U.S. data showed a deteriorating housing market last month.Housing starts fell 9.8% in May to a seasonally adjusted annual rate of 1.256 million units, the Commerce Department announced on Wednesday. The data was far worse than expected, as economists looked for only a slight decrease of -0.8% to 1.360 million units. April saw a revised increase of 2.7% to 1.392 million units.This was the lowest reading since May 2020, during the onset of the COVID-19 outbreak.
