The US existing homes sales rate rose in August 2011 by 7.7%; this news comes
despite the ongoing tight credit problems in the US and the slowdown in housing
starts fell in August. According to the recent report of the Realtors
organization, the annual rate of US existing home sales inclined in August
compared with Julys annual rate. The seasonally adjusted annual rate reached
5.03 million home sales in August compared with an annual rate of 4.67 million
home sales in July 2011, a 7.7% increase (M-2-M), and 18.6% above the 4.24
million annual rate of home sales in August 2010. This news is following
yesterdays report of a moderate slowdown in the housing starts during August
compared with Julys rate. This news might positively affect trading including
the trade in the US stock markets as they have opened trade with mixed trends
with the S&P500 index slightly falling by 0.02%, the Dow rising by 0.08% and the
NASDAQ inclining by 0.56%. Current gold price, short term futures (October 2011
delivery) is traded at $1,798.1 per t oz. an $11.1 decrease as of 14:39*. Euros
to US dollar exchange rate is currently traded down at 1.3677 a 0.1865% decrease
as
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