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U.S. economy expands by 2%	02:05 Arkansas Democrat-Gazette - Business
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US economic growth accelerates in Q3 …	01:41 Yahoo! India
Soaring gold prices take toll on Kanchipuram saris	01:31 MoneyControl.com
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Rand firms as gold strikes draw to a close	01:26 Moneyweb - Across the Atlantic
Vietnam's vast gold riches exported, bring no benefits at home	00:54 Thanh Nien Daily - Business
G20 to Urge Members to Act Against Economic UncertaintyWorld Bank office	00:39 ThisDay Live
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Chinese companies play vital role in Brazil's economy	00:15 China.org.cn - Economy
G20 to urge addressing economic uncertainty	00:15 China.org.cn - Economy
Do you gain from a gold savings scheme?	00:15 The Economic Times - Markets/Analysis
Jared Bernstein: Third Quarter GDP Report: Economy Picks up a Bit, But Just a Bit	00:09 The Huffington Post
Edward Goldberg: The Disconnect: Consumer vs. Corporates -- The Globalized Interconnectedness of the World Economy	00:09 The Huffington Post
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FOREX: Dollar Ends Week Unchanged, What Will Force a EURUSD Break Out?	23:54 Daily FX
Taiwan economy sees rare improvement in September	23:50 Asia News Network
OTC Stock Picks Newsletter 37% Intraday Gold Rush on CGrowth Capital Inc.	23:11 Yahoo! US - Business - Press Releases
U.S. economy continues to grow, but rate of increase stays sluggish	23:10 The Seattle Times - Business & Technology
U.S. drought damaged economy	23:07 Bennington Banner, Vermont - Business
Consumer confidence in economy highest since '07	23:05 The Detroit News - Business
Consumer confidence in economy highest since ’07	23:02 The Detroit News - Business
Romney back on economy in campaign's home stretch	22:59 Business Times Online - World
Gold Coast woman seeks class-action against Wells Fargo over HAMP	22:48 Chicago Tribune - Business
Economic growth improves	22:47 The Desert Sun, California
Gold Prices Dip on GDP Surprise (Update 1)	22:44 The Street - Markets
Canadian Dollar Declines for Third Week as Risk Aversion Rises	22:37 Bloomberg - Regions
BOJ to project below 1% inflation for FY14	22:35 The Yomiuri Shimbun - Business
CURRENCIES & BONDS / Dollar edges below 80 yen in Tokyo after sharp increase in early week	22:35 The Yomiuri Shimbun - Business
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Euro Pares Monthly Gain as Spanish Jobs, German Confidence Drop	22:24 Bloomberg - Markets - Currencies
U.S. economic growth up modest 2% rate	22:21 The Post and Courier, South Carolina - Business
Gold-Forex Correlations: Gold Has Room to Fall if US Data Outperforms	22:20 Daily FX
FOREX: Canadian Dollar to Face Further Losses As BoC Holds Hawkishness	22:20 Daily FX
Treasury Real Yields Turn Positive as Inflation Slows	22:20 Bloomberg - US
Economic growth improves: Government report shows GDP boost	22:16 The Courier-Journal, Kentucky - Business
U.S. economy grows modest 2 percent in quarter	22:11 Berkshire Eagle Online, Massachusetts - Today's Headlines
FOREX: Australian Dollar Outlook Bearish On RBA Policy - Top In Place	22:10 Daily FX
FOREX: Euro Fundamentals Increasingly Negative but Hinges on Spain	22:10 Daily FX
FOREX: Gold Eyes Key Support Ahead of US NFPs- $1693 Remains Critical	22:10 Daily FX
FOREX: Japanese Yen to Resume Down Trend on BOJ Stimulus, US Data	22:10 Daily FX
Goobers to the economic rescue	22:07 The News Journal, Delaware - Business
How U.S. drought damaged economy as well as crops	22:06 Richmond Times-Dispatch, Virginia - Business
Commerce report: US economy still growing at tepid rate	22:05 Bloomington Herald-Times, Indiana - Business
Iran currency traders face pressures	21:56 The Washington Post
Blow for Greece as future in euro is 'not yet decided'	21:54 The Irish Independent - European Business news
US economy boost after pre-election pick-up in spending	21:52 The Irish Independent
Electricity supplier shelves its plans for inflation-linked bond	21:49 The Irish Independent - Irish Business News
Inflation moderates, repo rate stays at 2.75%	21:34 Trinidad & Tobago Guardian Online - Business
U.S. economy picks up steam before Election Day	21:20 China.org.cn - Economy
How Midwest drought damaged economic growth	21:16 The Washington Post
FOREX: Ringgit Likely To Trade Higher Against Dollar Next Week	21:01 Bernama - Malaysian National News Agency - Markets
Economy growing faster than expected	20:56 Lansing State Journal, Michigan
Economy improves in 3rd quarter, but worries weigh heavily	20:45 Star-Telegram, Texas - Business
6 to 8 hours old www.usagold.com --LIVE NEWS--
Both sides in U.S. race seize on economic report	20:15 The Hindu - Economy

Gold Firms on Improved Risk Appetite

by Peter A. Grant

Oct 26, AM
(from USAGOLD.com) --

Gold rebounded from a unsuccessful challenge of the 1698.90 low from earlier in the week, leaving a potential double bottom 1700.77/1698.90. The yellow metal caught a bid after a modestly better than expected US advance Q3 GDP print improved risk appetite; although the negative revision to Oct consumer sentiment tempered enthusiasm somewhat.

Most of the Q3 GDP gain is attributable to a dramatic rise in government spending, the highest in 3-years. However, disturbingly weak fixed investments in Q3, along with some of the internals in yesterday's Oct durable goods report, suggest a downward revision to Q3 GDP is more likely than not.

The headline GDP print was just good enough to be encouraging, but probably not good enough to get the Fed to refrain from relaunching direct Treasury purchases ahead of year-end. Bloomberg reported earlier in the week that all 21 primary dealers believe the Fed will expand QE3 to include renewed bond buying. And the FOMC reiterated this week that "a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens."

Essentially nothing has changed this week. The economy remains sluggish and the Fed is still poking at it, trying to get it to show some life, with über-accommodative monetary policy that may be further expanded in the near term. That will continue to underpin the gold market.

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

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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.

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Gold Firms on Improved Risk Appetite