The gold market is hold in neutral territory at a critical resistance point around $1,980 an ounce as economic data shows that the U.S. housing market continue to struggle highlighting. Housing starts dropped by 8% to a seasonally adjusted annual rate of 1.43 million units last month, the Commerce Department said on Wednesday. The data came in weaker than expected as economists looked for a drop to 1.48 million units. At the same time, May’s data was revised lower to a rate of 1.56 million units from the previously reported 1.63 million units. The report said home construction is down 8.1% for the year. The gold ... (full story)