Existing Home Sales Surge 10% in September
Monday, October 25, 2010 10:19 am EST
Existing homes sales rose 10.0% in September to a seasonally-adjusted rate of 4.53 million, above the consensus estimate among economists of 4.25 million. Whether this better than expected data impacts the Fed’s upcoming monetary policy decision is up for debate, however.
The broader market extended higher on the news, while gold pared its gains but remained firmly in positive territory near the $1,340 per ounce level.
















