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Obama's Fiscal Cliff Tax Cave May Boost The Economy	17:43 The Huffington Post
Family Dollar Execs: Shoppers Couldn't Afford Toys This Holiday Season	17:43 The Huffington Post
5 to 10 minutes old www.usagold.com --LIVE NEWS--
Japan Stocks Jump as Market Reopens, Yen Lifts Exporters	17:39 Bloomberg - Regions
Gold loan companies: RBI panel's views add sparkle to sector	17:38 The Economic Times
Gold falls after hitting a 2-wk high, dollar gains	17:38 The Economic Times
Forex Flash: FOMC to continue QE through end of the Q3 2013 - Nomura	17:38 FXstreet - Forex News
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Economy Briefs: Subaru recalls nearly 634,000 cars, SUVs	17:32 The Washington Times - Economy
15 to 30 minutes old www.usagold.com --LIVE NEWS--
CNMC Goldmine produces gold from new facilities	17:29 Business Times Online - World
Split over economy ends stock market rally	17:27 Newsday.com - Business
Today In Commodities: Yen Continues To Lose Ground	17:26 SeekingAlpha - Macro View
Gold loan cos: RBI panel's views add sparkle	17:25 The Economic Times - Markets
Gold Seen Rallying From Worst Streak in Three Years: Commodities	17:25 Bloomberg - US
Cynthia Kurtz: Economic indicators show recovering economy	17:24 Whittier Daily News, California - Business
BSP buying more dollars to temper peso rise	17:23 ABS-CBNNEWS.COM - Business
Ho-ho-hum marks holiday season retail sales	17:19 The Globe and Mail
Fiscal-cliff deal no recipe for a robust economy	17:17 MercuryNews.com, California - Business
California firm settles fraud charges related to Nevada gold mine	17:17 Las Vegas Review-Journal
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Parties spar on economy; Lapid slams tax increases	17:08 Jerusalem Post
Escape from recession not on the cards in 2013	17:07 The Irish Times - Business
Whither long-term economic growth and who will benefit?	17:07 The Irish Times - Business
FOREX-Yen drops vs dollar; U.S. jobs data awaited	17:05 Reuters - Economy
Buick Delivers Best Retail Sales Year Since 2006	17:03 Automotive World
Easier credit, better economy, aging vehicles drive 2012 auto sales	17:03 Chicago Sun-Times - Business
Hong Kong Nov retail sales rise 9.5% yr/yr	17:00 Business Times Online - World (Premium)
Forex: AUD/USD slips toward 1.0450	16:58 FXstreet - Forex News
Dollar Advances to 2010 High Versus Yen Before U.S. Jobs	16:53 Bloomberg - Australia & New Zealand
1 to 2 hours old www.usagold.com --LIVE NEWS--
Gold Bullion Development Corp. Releases 43-101 Technical Report On Its Granada Gold Project	16:44 The Street - Markets
Retail Sales Confirm "You Can't Spend What You Don't Have"	16:43 Zero Hedge
The Finance Industry Has Pried into Every Sector of the Economy, and Has Ended Up Running the Whole Show	16:38 AlterNet.org - Economy
Gold slides Thursday	16:35 UPI - Health Business
Business owners said to be gaining confidence in Malaysia's economy	16:34 The Star Online
US economy: Private sector job gains offer hope for labor market	16:29 GMA News - Economy
Fed notes on asset purchases send dollar higher	16:26 Channel NewsAsia - Business
Fiscal cliff deal: How key parts of US economy are shaping up	16:25 The Economic Times - International Business
A Green January Could Set Bullish Tone for 2013	16:22 Fox Business - Business
Gold and Silver Stumble After FOMC Minutes	16:18 Fox Business - Economy
Forex: USD/JPY at new 2013 highs circa 87.50	16:17 FXstreet - Forex News
Forex Flash: FED to sustain QE into 2014 – Capital Economics	16:17 FXstreet - Forex News
The Temelin saga risks tarnishing a successful central European economy, writes Neil Buckley	16:12 FT.com - Special Reports
The Economy’s Year-End Bounce	16:07 The Daily Beast
Forex: Cable falls below 1.61, worst single day since Sept 2011	16:07 FXstreet - Forex News
Tainted reaction masks nuclear procurement	16:00 FT.com - Europe
Bullish On Silver? Dividend Paying Companies To Consider In 2013	15:58 SeekingAlpha
New Zealand dollar drops on US policy news	15:55 Business Spectator
American Eagle gold coin 2012 sales down but outlook bright	15:49 Reuters - Financial Services & Real Estate
Luxury cars stalled by euro crisis as sales of Ferrari and Maserati sales drop by more than half	15:48 This is Money - Investing & markets
2 to 4 hours old www.usagold.com --LIVE NEWS--
Family Dollar’s lower-margin goods hit profit	15:38 The Globe and Mail
Fiscal-cliff deal doesn't offer a recipe for a robust economy	15:37 The Post-Standard, New York - Business
Economists: Failure to adopt overarching deal continues to hold back economy	15:37 The News & Observer, North Carolina
Your Investments: Fiscal cliff, inflation and gold	15:36 Jerusalem Post

Gold Eases as Dollar Rebounds

by Peter A. Grant

Jan 03, AM
(from USAGOLD.com) --

Gold turned defensive on Thursday, as relief over the last minute fiscal cliff deal waned, prompting corrective pressures. Stocks eased as well as the dollar rebounded on tempered risk appetite. While much of yesterday's strong gains in the yellow metal were retraced, action remains confined to Wednesday's range.

There is a broad consensus that the fiscal cliff deal was nothing more than a short-term fix to avert tax increases on most Americans. Congress punted the real problem just a short ways down the road, and focus is now shifting to the impending debt ceiling debate, which is likely to prove every-bit as contentious as the one from 2011. In fact, it may be even worse.

As I reminded our readers in yesterday's commentary, the 2011 debate — and the implications of a government shut-down, sovereign downgrade and even default — caused gold to surge dramatically. Gold was trading below $1500 when the 2011 debate started to heat up, by early-September the yellow metal had established it's record high of 1920.74. As the 2013 debt ceiling battle commences, gold starts at a higher level. Combine that with the Fed's recent pledge of at least $1 trillion in additional QE in 2013 and the price implications seem pretty clear.

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Gold Eases as Dollar Rebounds