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US: Pending Home Sales falls 0.4% in February

FXstreet.com (Barcelona) - Pending home sales fell -0.4% in February, more than the expected -0.2%. January data was revised lower from 4.5% to 3.8%. The annualized figure eased from 9.5% to 8.4%.

US Pending Home Sales (MoM): -0.4% in Feb; 8.4% (YoY)

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Commodities Brief – Gold recovers 1600 mark, silver pares losses

Gold prices were looking to secure another daily loss as of European trading, however after rallying off a daily low in the 1592 region, the yellow metal surged ahead to regain the 1600 mark and even barrel higher towards USD $1607.23 per oz. at the time of writing. Having embattled Eurozone concerns earlier today, the focus now seems to have waned slightly following the retest of resistances at 1600 and 1607. A close above the 1600 mark will certainly allay a near-term outlook, which has pointed to the downside as of late.
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