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5 to 10 minutes old www.usagold.com --LIVE NEWS--
Ringgit Likely To Be Lower Against US Dollar Next Week	20:24 Bernama - Malaysian National News Agency - Business
15 to 30 minutes old www.usagold.com --LIVE NEWS--
Ringgit likely to be lower versus US dollar	20:00 Business Times
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Food price increases drive China's inflation to 10-month high	19:49 China.org.cn - Business
Has Dollar Tree Become the Perfect Stock?	19:46 The Motley Fool
China inflation rises to 3.2% in February	19:41 The West Australian - Business - World
Jobs are up; now, will Washington help or hurt economy?	19:40 The Charlotte Observer - Business
China economic recovery on track as exports surge	19:39 Gulf Daily News - Business
US jobs gains a boost for economic recovery	19:39 Gulf Daily News - Business
An overconfident ECB is sure to drop the ball	19:34 Irish Examiner
New political party in Germany – their aim is dissolution of the euro	19:31 ForexLive.com
1 to 2 hours old www.usagold.com --LIVE NEWS--
Moody’s downgrades Jamaica’s foreign currency credit rating	19:25 Trinidad & Tobago Guardian Online - Business
US Dollar – Is This Rally Invulnerable…Hardly	19:18 Daily FX
Singapore currency swap deal doubled to $48b	19:10 China Daily - Markets
New Zealand Dollar At Risk Ahead of RBNZ, Chinese Data	19:07 Daily FX
China Inflation Accelerates Closer to Government’s Target	18:59 Bloomberg - Regions
Australian Dollar Outlook Clouded Ahead of RBA Rate Decision	18:57 Daily FX
Dollar jumps in Asian trade	18:57 The News International - Business
ECB playing down fresh crisis fears, keeps rates on hold	18:57 The News International - Business
Japan recession over, recovery seen	18:57 The News International - Business
China exports jump in February as economy recovers	18:57 The News International - Business
‘Epicenter of economy now shifting to Asia’	18:57 The News International - Business
China's Feb inflation rebounds to 10-month high	18:57 China Daily - BizChina
Gold Price Retreats On Blockbuster Employment Data Released Friday, Reports Gold …	18:56 Yahoo! US - Business - Press Releases
U.S. adds jobs, braces for cuts	18:50 The Washington Post
China's inflation rises to 3.2% in February	18:44 Channel NewsAsia - Business
With dollar down, U.S. trading partners aren’t happy	18:40 The Washington Post
open market forex rates on 8/03/2013	18:40 The Nation - Business
Weekly inflation up	18:40 The Nation - Business
Gold Range Tightens- Battle Lines Drawn For Next Move	18:37 Daily FX
2 to 4 hours old www.usagold.com --LIVE NEWS--
Professional Speculators Happy to Sell Japanese Yen	18:27 Daily FX
Euro Closes Week on Low Note – ECB’s Bluff Called?	18:17 Daily FX
Japan's economy grew in last quarter of 2012	18:08 Asahi Shimbun - Business
Bullish on Nabors Industries	18:07 The Globe and Mail
US Economy Adds 263K Jobs, Unemployment Rate Falls to 7.7%	17:32 Voice of America - American Life - People
Threat Inflation and Deflation, Cont.	17:31 The Atlantic - Voices - Clive Crook
Fridays oil, gas, gold and zinc prices	17:29 Anchorage Daily News, Alaska - Money
Friday Night Video: Henderson on Economic Myths	17:26 Library of Economics and Liberty (Weblog)
Solid US jobs report sends dollar higher	17:24 Channel NewsAsia - Business
Jobs keep bull market humming along	17:14 Reuters.co.uk - Top News (Video)
US job report stirs economic recovery hopes	17:10 Al Jazeera, Qatar - Americas
The Big News Is A Weaker Yen - Update	16:50 SeekingAlpha - Macro View
Rousseff Eliminates Brazil Federal Food Taxes to Stem Inflation	16:48 Bloomberg - Regions
China Is Releasing An Important Inflation Report In A Few Hours	16:46 Business Insider - Finance
Gold Reserve Inc. updates shareholders on NYSE-MKT listing	16:45 PR Newswire (Press Release) - Policy and Public Interest
Analysis: Mexico central bank: closet currency warrior and inflation gambler	16:42 Reuters - Business
The New Face Of Silver Wheaton	16:40 SeekingAlpha - Macro View
Africa should invest in young entrepreneurs for economic growth, says YALDA	16:39 Vanguard, Nigeria - Business
Toyota, Honda Surge as Inflation Fuels the Nikkei	16:35 The Motley Fool
Watchdog rebukes British PM over economy claims	16:34 Middle East North Africa Financial Network
Currency war (that isn't a war) to rage 2 more years	16:31 The Globe and Mail

Gold Retreats on NFP Beat

by Peter A. Grant

Mar 08, AM
(from USAGOLD.com) --

Gold has slipped to new two-week lows in the wake of better than expected U.S. jobs data. Nonfarm payrolls for February came in at +236k, well above market expectations of +152k and a whisper of +200k. The jobless rate dropped to 7.7%, the lowest level since December 2008.

The dollar and stocks rose on the news, adding to the euphoria surrounding this week's move in the Dow to new nominal highs. Perhaps not surprisingly, talk about the Fed removing accommodations abounds once again. This despite quite adamant declarations by both chairman Bernanke and vice-chair Yellen that the Fed would maintain their accommodative stance well into any recovery.

IMF chief Christine Lagarde, in reaction to the ECB holding steady on rates despite a recession and record high unemployment, suggested there is still "some limited room for the ECB to cut rates further." Lagarde noted that while the sense of crisis has been mitigated to some degree, she remains concerned about "depressingly familiar" underlying issues. She seems hopeful that Germany will accept higher inflation and wage growth as a means to restore balance to the eurozone.

The dollar pushed above 96.00 versus the yen, levels not seen since August 2009. With the yen under additional pressure, the yellow metal has surged back above ¥152,000 for the first time in two weeks. More than 50% of the recent modest correction has been recaptured. The bull market against the yen at least is alive and well.

As I've pointed out on a number of occassions this week, the age of easy money and negative real interest rates is going to persist for some time to come. With that being the case, gold remains a sound hedge and haven.

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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 Retreats on NFP Beat