Spot gold spikes to $3,345/oz after U.S. existing-home sales rise 2.0% in July

(Kitco News) – Spot gold is posting strong gains once again this morning after the latest data showed the U.S. housing market improving beyond expectations last month.Total existing-home sales, including single-family homes, townhomes, condominiums, and co-ops, rose 2.0% to a seasonally adjusted annual rate of 4.01 million in July, the National Association of Realtors (NAR) announced on Thursday.