Spot gold retests $4,600/oz after U.S. existing-home sales rise 5.1% in December

(Kitco News) – Spot gold is testing key support 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 5.1% to a seasonally adjusted annual rate of 4.35 million in December, the National Association of Realtors (NAR) announced on Wednesday.