MW: Gold, oil continue lower after home-sales data
By Myra P. Saefong
SAN FRANCISCO (MarketWatch) -- Gold and crude-oil futures continued to trade lower even after news that sales of existing homes rose to a five-month high in August. The National Association of Realtors reported that sales climbed 7.7% to a seasonally adjusted annual rate of 5.03 million. Gold for December delivery GC1Z -0.83% fell $$11.80, or 0.7%, to trade at $1,797.30 an ounce on the Comex division of the New York Mercantile Exchange. November crude oil CL1X -0.44% traded at $86.41 a barrel on Nymex, down 51 cents , or 0.6%.
