Live London Gold News Wire

NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
Forex Flash: ECB’s OMT bond-buying will not become QE - Standard Chartered	17:47 FXstreet - Forex News
5 to 10 minutes old www.usagold.com --LIVE NEWS--
Euro edges higher against US dollar; yen slips	17:41 Channel NewsAsia - Business
10 to 15 minutes old www.usagold.com --LIVE NEWS--
Bernanke: Economy needs support	17:38 IOL - Business - International
Bernanke presses US govt to support economy	17:37 The Economic Times - Economy
Forex Flash: RBA to cut rates by 25bp; AUD to have stronger run if rates on hold - Westpac	17:37 FXstreet - Forex News
Forex: USD/JPY looking set for bullish run?	17:37 FXstreet - Forex News
15 to 30 minutes old www.usagold.com --LIVE NEWS--
St. Louis County Economic Council posts job formerly held by Dean Burns	17:33 Saint Louis Post-Dispatch - Business
Thai inflation rises but interest rates seen steady	17:31 The Star Online
Jerry Brown's School Bailout	17:28 The Wall Street Journal - Europe Edition
FOREX-Euro squeezed higher, RBA keeps AUD bulls nervous	17:25 Reuters - Economy
Euro-Dollar drama may continue into next year	17:25 City AM - Investments
UK economy slows as firms' hiring, investment plans ease	17:23 The Economic Times
UK economy slows as firms' hiring, investment plans ease: Survey	17:20 The Economic Times - International Business
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Treasury Yields Open Firm, Fade As Stock Loss Weighs	17:17 Investors Business Daily - Investing
Economy slows as firms' hiring, investment plans ease - survey	17:16 Reuters.co.uk - Business & Finance
UK economy slows as firms' hiring, investment plans ease -survey	17:14 Reuters - Consumer Goods & Retail
BBG: Asmussen Doubts ECB Ready to Start Supervision in January	17:14 ForexLive.com
Weak dollar helps boost Q4 start; natgas, softs lead	17:13 Reuters - Deals
UK economy 'returned to growth’	17:12 BBC
BHP Billiton projects 10% annual copper production growth	17:10 Energy Business Review
Treasury to keep majority stake in JSW coal company	17:09 Warsaw Voice - Business
Euro stocks rally on Xstrata deal revival	17:08 Gulf Times
StanChart launches world’s 1st Islamic euro nostro account	17:08 Gulf Times
Next Greek budget sees sixth year of recession	17:08 Gulf Times
Manufacturers reflect economic gloom	17:07 FT.com - UK
Dollar gains ahead of RBA meeting	17:00 The Age - Markets
Forex Flash: Indonesia improves in inflation and trade; BI should maintain tightening bias - Nomura	16:57 FXstreet - Forex News
US claims success as Iranian currency plummets	16:56 ABC Online
COMMODITIES-Weak dollar helps boost Q4 start; natgas, softs lead	16:55 Reuters - Economy
1 to 2 hours old www.usagold.com --LIVE NEWS--
Rate Swaps Signal Tightening on Inflation Risk: Southeast Asia	16:45 Bloomberg - Economy
Forex Flash: RBA to hold rates; AUD may see bounce - NAB	16:37 FXstreet - Forex News
Forex: AUD/USD: RBA rate cut today a “coin-toss” - FXWW	16:37 FXstreet - Forex News
Gold Star support: mothers of veterans help each other	16:35 St. Louis Post-Dispatch, Missouri - Bird Land (Weblog)
Rates fall at weekly Treasury auction	16:35 Whittier Daily News, California - Business
EMERGING MARKETS-Latam currencies firm on US factory data	16:35 Reuters - Economy
Tunisia c.bank says may hike rates in Oct to fight inflation	16:34 Business Recorder, Pakistan
There's a Silver-Lined Cloud Peeking Out Behind Oracle's Sun	16:33 The Motley Fool
Plunging Currency Adds to Iran's Woes	16:31 Voice of America - Middle East
Economic development focus of Cloverdale City Council race	16:27 Press Democrat - Business
Bernanke answers to inflation hawks	16:20 UPI - Health Business
Gold edges slightly higher	16:20 UPI - Health Business
Presenting Spain's Economic Collapse In Context	16:13 Zero Hedge
Extra Scrutiny of Bank of Japan Pledged by Noda’s Economy Chief	16:10 Bloomberg

Morning Snapshot

by Peter A. Grant

Oct 01, AM
(from USAGOLD.com) --

Gold jumped to a new high for the year in early New York trading, on the heels of new all-time highs in the yellow metal against both the euro and the Swiss franc last week. These gains are largely being driven by a growing realization that we may be locked into a period of über-accommodative monetary policy for a very long time indeed. Further debasement of western currencies is a recipe for higher gold prices.

With a new record high in eurozone unemployment and a disturbing miss in US construction spending as the latest examples, it would seem that the central banks easings in recent weeks were preemptive actions in anticipation of deterioration of the fiscal picture. Here in the US, all eyes will be on Friday's release of non-farm payrolls data. Median expectations are currently +123k, another pretty weak number, with the jobless rate ticking higher to 8.2%.

Manufacturing data released this morning came in better than expected, but any glimmer of good news is likely to stoke inflation expectations. The Fed was pretty adamant that good news was not going to prompt them to let-up on the monetary gas pedal.

• US Markit manufacturing PMI slipped to 51.1 in Sep, vs 51.5 in Aug.
• US manufacturing ISM rose to 51.5 in Sep, above expectations of 49.6, vs 49.6 Aug; prices 58.0, vs 54.0 in Aug.
• US construction spending -0.6% in Aug, way below market expectations of +0.5%, vs positive revised -0.4% in Jul.
• Eurozone unemployment at record high 11.4% in Aug, though that record was actually set in Jul due to an upward revision from 11.3%.
• Switzerland retail sales (real) +5.9% in Aug, vs negative revised +2.9% in Jul.
• Italy Markit manufacturing PMI improved to 45.7 in Sep, vs 43.6 in Aug.
• Eurozone Markit manufacturing PMI revised higher to 46.1 in Sep, vs 46.0 previously.
• UK CIPS Manufacturing PMI fell to 48.8 in Sep, below expectations of 49.8, vs 49.5 in Aug.
• UK M4 Money Supply (sa) - Final 0.2% m/m in Aug; -4.1% y/y.
• Japan Tankan Index (Large Manufacturers) -3 in Sep, vs -1 in Aug; Large Non-Manufacturers steady at 8.
• Australia TD-MI Inflation Gauge +0.2% in Sep, vs +0.6% in Aug.
• China PMI - Manufacturing (CFLP) rose to 49.8 in Sep, vs 49.2 in Aug.

Peter Grant is USAGOLD's resident economist and a well-known analyst globally in the forex and precious metals markets.

NEWSLETTER SIGN-UP

Opinions expressed in commentary on the USAGOLD.com website do not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any precious metals product, nor should they be viewed in any way as investment advice or advice to buy, sell or hold. USAGOLD, Inc. recommends the purchase of physical precious metals for asset preservation purposes, not speculation. Utilization of these opinions for speculative purposes is neither suggested nor advised. Commentary is strictly for educational purposes, and as such USAGOLD does not warrant or guarantee the accuracy, timeliness or completeness of the information found here.

Gold dealers index of gold coin images - popular investments

USAGOLD Bulletin Board

Just released!
The all new Third Edition

Chapters

Reviews

Preview

Order

The Third Edition of this classic how-to details gold's rising prominence in the global financial arena and offers insights as to what this surprising and historic shift in sentiment might mean to the gold market of the future. It also suggests practical guidelines for adding gold to your portfolio drawing from the author's nearly 40 years experience in the gold business.

"Highly recommended!"
The Midwest Book Review

1-800-869-5115
Marie, Extension #106

Looking for the right
gold firm?

Competitive rates
Safe, quick delivery
Zero complaints at BBB
Friendly, professional service
Recognized industry leader

You just found it.

USAGOLD
Celebrating our 39th year
in the gold business.

Seven reasons
high-net worth gold
investors choose
USAGOLD

Video Roundtable:

Fundamentals pave way
for gold breakout

Precious Metals Trading and Storage Program
Competition for the ETFs
with a delivery option

VISIT OUR NEW PAGE!

Gold's Secular Bull Market
Past-Present-Future

Good Stuff !

P.O. Box 460009
Denver, Colorado 80246-0009

1-800-869-5115 (US)
00-800-8720-8720 (EU)

303-399-6759 (Fax)

[email protected]

Office Hours

6:00am - 7:00pm
(U.S. Mountain Time)
Monday - Friday

American Numismatic Association
Member since 1975

Industry Council for Tangible Assets

zero complaints

Monday October 1
website support: [email protected]
Site Map - Privacy - Disclaimer
The USAGOLD logo and stylized gold coin pile are trademarks of Michael J. Kosares.
© 1997-2012 Michael J. Kosares / USAGOLD All Rights Reserved

Daily Gold Market Report

Morning Snapshot