There is a problem in New.php block, which goes with default Magento package.

form_key field is set not properly when cache is enabled. Therefore there is no way to add a product via New products block.

Detailed description with a solution: Magento add to cart issue on caching new products

In order to fix the problem cache_lifetime="1" line should be added.

For example, replace the code

with the code

Flush the cache after you apply the fix.

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