Live London Gold News Wire

NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
Ezz Steel hikes rebar price on currency rate and import duty	18:08 Steel Business Briefing
Japan sees opportunity in Myanmar's emerging economy	18:07 Asahi Shimbun - Business
China's top gold producer's sales up 27% in 2012	18:07 China.org.cn - Business
Taiwan hopes bigger role in regional economy	18:07 China Daily - BizChina
Monday's oil, gas, gold and zinc prices	18:06 Anchorage Daily News, Alaska - Money
10 to 15 minutes old www.usagold.com --LIVE NEWS--
Forex: AUD/USD pullbacks to 1.05; worst Australian trade deficit post GFC	17:56 FXstreet - Forex News
5 Tech Stocks Investors Are Less Bearish On	17:55 The Street - Markets
15 to 30 minutes old www.usagold.com --LIVE NEWS--
Executives Warn Yen May Get Too Weak	17:53 The Wall Street Journal
Trade deficit widens more than expected	17:51 The Age
Trade deficit widens	17:46 Sydney Morning Herald - Business
Australia: November trade deficit widens to $2,637M	17:46 FXstreet - Forex News
IMF in talks with Egypt as currency crisis bites	17:46 ArabNews - Economy
Australian dollar dips slightly on trade deficit data	17:46 Business Spectator
UK Christmas Retail Sales Underwhelming - BRC	17:42 Fox Business - Industries
Trade deficit widens in November	17:40 The Age
Japan: Nikkei falls 0.5%; exporters drop as yen weakness pauses	17:40 Business Times Online - Stock Markets
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Japanese stocks retreat as yen strengthens	17:40 MarketWatch
Australian, N.Z. Dollars Slide Against Yen on Technical Signals	17:39 Bloomberg - Regions
Japan Stocks Fall Second Day on Yen, Overbought Signals	17:39 Bloomberg - Regions
Forex Flash: Bank of Indonesia to keep rates unchanged until Q4 '13 - TDS	17:36 FXstreet - Forex News
Trade deficit widens again in November	17:36 Business Spectator
'Weak' Amla threatens PH economic gains	17:33 ABS-CBNNEWS.COM - Business
Economy projected to grow 7.5-8% this year	17:33 ABS-CBNNEWS.COM - Business
Most Asian Stocks Drop as Japanese Exporters Fall on Yen	17:30 Bloomberg - Markets
Forex Flash: USD/INR risks cheaper levels on further reforms in India - RBS	17:26 FXstreet - Forex News
Forex: EUR/USD bulls poised for more gains after 1.30 bounce?	17:26 FXstreet - Forex News
Global economy likely to perform better this year	17:24 The Star Online
Quarterly Economic Survey: Businesses confident, but growth remains weak	17:23 British Chambers of Commerce
Record Car Sales Extending Shortages in Palladium: Commodities	17:21 Bloomberg - Industries
Edward Lazear: Chinese 'Currency Manipulation' Is Not the Problem	17:21 The Wall Street Journal
United Kingdom BRC Retail Sales Monitor - All (YoY) 0.3% in Dec	17:16 FXstreet - Forex News
Horwitz on Hoover's Economic Policies	17:16 Library of Economics and Liberty (Weblog)
FOREX-Yen corrects higher against dollar, euro from recent lows	17:15 Reuters - Economy
Nikkei falls 0.5 pct; exporters drop as yen weakness pauses	17:15 Reuters - Economy
TDK Launches New MLCC - Multilayer Ceramic Chip Capacitors - Website	17:11 JCN Newswire
UK BRC Retail Sales +0.3% in December (vs. +0.5 expected)	17:10 ForexLive.com
1 to 2 hours old www.usagold.com --LIVE NEWS--
Paringa Resources locks in a rig at Brazilian gold project	17:08 Proactiveinvestors - Australia
PanTerra Gold brings Las Lagunas plant throughput to design levels	17:08 Proactiveinvestors - Australia
Volume of retail sales fell 1.1% in November	17:07 The Irish Times - Business
Flag protest threatens local economy	17:07 The Irish Times - Personal Finance
Euro crisis is over, Commission chief says	17:07 The Age
Irish economy: Fitter yet fragile	17:04 Minneapolis Star Tribune - Business
Trillion dollar coin idea gains currency	16:59 Stuff.co.nz
Mining Group uncovers gold rich skarns at Tagpura North	16:58 Proactiveinvestors - Australia
STIGLITZ: We're Overlooking The Global Economy's Long-Term Problems	16:51 Business Insider - Finance
Federal forest managers reverse decision on Canadian company's gold mine drilling plans	16:49 The Oregonian
Economic Collapse? JP Morgan's Latest View On The U.S. Economy	16:47 Forbes - Home US
Liquid Gold	16:47 Forbes - Home US
Yen Gains a Second Day on Bets Declines Were Excessive	16:45 Bloomberg - Japan
Egypt steeped in economic woes as IMF talks begin	16:42 The West Australian - Business - World

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.

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

Seven reasons
high-net worth gold
investors choose
USAGOLD

Video Roundtable:
Year-In-Review and What Lies Ahead

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

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 January 7
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

Gold Eases as Dollar Rebounds