Spot gold above $4,620/oz after U.S. new home sales rise 3.8% in September, fall 0.1% in October

(Kitco News) – Gold prices are trading just off session highs on Tuesday morning after the latest data showed the U.S. housing market improved beyond expectations in September, and held steady in October.New home sales rose 3.8% in September, better than the expected -14.8% decrease, and following an unrevised increase of 20.8% in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development announced.