U.S. existing home sales drop 0.2% in August

(Kitco News) – The gold market continues to experience some profit-taking even as activity in the U.S. housing sector remains fairly subdued, with fewer consumers purchasing existing homes, according to the latest data from the National Association of Realtors (NAR).Total existing-home sales—including single-family homes, townhomes, condominiums, and co-ops—fell 0.2% in August to a seasonally adjusted annual rate of 4 million, the NAR announced Thursday.