Spot gold reclaims $4,630/oz as U.S. January new home sales plunge 17.6%

Spot gold climbed back above $4,630 per ounce in Thursday morning trade after U.S. housing data signaled a sharper-than-expected slowdown. New home sales fell 17.6% in January 2026, far worse than the 0.9% decline forecast, following a revised 1.7% drop in December. Gold prices rebounded from earlier session lows after the release. Full story at Kitco: