The latest data from the U.S. Census Bureau and the Department of Housing and Urban Development revealed a seasonally adjusted annualized rate of 607,000 units. This figure fell short of the 620,000-unit consensus, marking a stark contrast to June's upwardly revised pace of 678,000. On an annual basis, sales have now contracted by 6.3% compared to July 2025 levels.

Gold prices shed 0.68% during the session, signaling that the market is currently ignoring the cooling housing data in favor of locking in gains. While analysts suggest the metal maintains a floor as a defensive asset, the immediate price action remains anchored by technical resistance tested at $4,700 earlier in the week.