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U.S. home prices increased 0.5% month-over-month in April and 7.3% year-over-year, prices continue to tick up due to low number of homes for sale: Redfin

Gold prices fall 0.5% to US$2,413.77 an ounce as safe-haven demand eases; copper prices also reverse course amid profit-taking and interest rate concerns

Gold prices fell slightly on Friday to US$2,377.40 an ounce; Federal Reserve officials' comments tempered expectations of interest rate cuts, trimming gold's weekly gains

UBS expects two 25-basis-point Fed rate cuts in 2024, starting in September, in-line with Fed funds futures markets pricing in 51 bps of cuts this year; April US retail sales weaker than expected, supporting view for soft landing

US 30-year fixed-rate mortgage averaged 7.02% as of May 16, down from 7.09% a week ago; 30-year FRM averaged 6.39% a year ago: Freddie Mac

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