Live London Gold News Wire

15 to 30 minutes old www.usagold.com --LIVE NEWS--
Newcrest revises down FY gold output guidance	20:18 Business Spectator - Industries
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Wider trade gap highlights continued problems for troubled UK economy	20:09 The Scottish Herald - Business
BOJ chief says Japan economy on the mend	20:06 York Dispatch, Pennsylvania - Business
Use of Food Stamps Swells Even as Economy Improves	20:03 The Wall Street Journal - Europe Edition
Copper Pares Quarterly Loss as Chile Port Strikes Boost Concern	19:51 Bloomberg - Regions
Kia Says Weakening Yen Becoming ‘Weapon’ for Japanese Carmakers	19:51 Bloomberg - Industries - Transportation
Rupee under pressure	19:50 The News International - Business
Quintessential Resources' PNG exploration unveils gold mineralisation potential	19:41 Proactiveinvestors - Australia
1 to 2 hours old www.usagold.com --LIVE NEWS--
UK recession risks persist	19:36 Gulf Daily News - Business
Yen Gains Versus Peers as BOJ’s Kuroda Gives No New Policy Hints	19:34 Bloomberg - Markets - Currencies
Forex: USD/JPY dips to 94.10 lows post-Kuroda	19:32 FXstreet - Forex News
Forex: AUD/USD turns bearish as stocks decline in Asia	19:32 FXstreet - Forex News
Gold Heads for Second Quarterly Decline as ETP Holdings Plummet	19:14 Bloomberg - Markets
Russia, South Africa Plan ‘OPEC Style’ Platinum Bloc: Report	19:14 Economy Watch
Forex Flash: One month target for USD/JPY remains at 92 - Westpac	19:12 FXstreet - Forex News
Japan retail sales fall in February	19:11 BBC
Bearish Hockey warns of tough times	19:07 The West Australian - Business - National
Breaker Resources uncovers large gold system at Dexter	19:01 Proactiveinvestors - Australia
Forex: EUR/AUD keeps pushing below 1.2250	18:52 FXstreet - Forex News
Kuroda: Will continue monetary easing until 2% inflation target achieved	18:51 ForexLive.com
Eurozone suffering as business confidence fades away again	18:51 City AM
Adeyemi: Corruption, Bad Governance Undermining the Economy	18:47 ThisDay Live
Gold moves above $1,600/oz on uncertainty	18:46 The Nation - Business
New Banking Rules Weigh on China Shares	18:41 The Wall Street Journal
Bulletin Resources starts drilling at Western Australia gold projects	18:41 Proactiveinvestors - Australia
China's Austerity Starves A Gifting Economy	18:40 Forbes - Home Asia
Dollar Tree to open on Williamson Road; 2 new Family Dollar stores come to Roanoke	18:40 Roanoke Times, Virginia - Local News
2 to 4 hours old www.usagold.com --LIVE NEWS--
Eurasian Economic Commission adopts a temporary zero tariff policy	18:34 RCC News
Forex Flash: RBA to hold rates steady next – NAB	18:32 FXstreet - Forex News
Yen strengthening – I think the market wants specifics	18:31 ForexLive.com
Sharp Finds Silver Lining	18:31 The Wall Street Journal
Global stocks, euro fall on fears of …	18:24 Yahoo! India
Bank of England weakens economy by demanding further bank capital	18:22 City AM - The Forum
Metal Theft: Copper and Robbers	18:17 Post Online
Kia Motors exec says softer yen is biggest threat	18:16 Reuters - Consumer Goods & Retail
Super funds question Treasury claims	18:11 Sydney Morning Herald - Business
Concept Searching Gold Sponsor at SharePoint Evolution in London	18:10 Yahoo! US - Business - Press Releases
Forex Flash: Oil forming a very bearish pattern - FXA	18:01 FXstreet - Forex News
Talga Gold intercepts coarse flake graphite in Sweden, starts scoping study	18:00 Proactiveinvestors - Australia
Super funds question Treasury concession claims	17:59 The Age
Kentor Gold to provide finance facility update	17:52 Proactiveinvestors
Auroch Minerals delivers initial gold results for Northern Shear	17:52 Proactiveinvestors
Japan Feb retail sales fall 2.3% y/y	17:49 Business Times Online - Asia
Australia inflation gauge slows to 8-mth low in March	17:48 Business Times Online - World
Japan: Nikkei edges down, weakness in euro to weigh	17:46 Business Times Online - Stock Markets
Markets weighed down by euro area woes	17:44 Omaha World-Herald, Nebraska
Bilateral currency swap hastens yuan internalization	17:42 China.org.cn - Markets
Strong dollar keeps lid on inflation	17:42 ABC Online
Euro slips on worries about Cyprus	17:36 Omaha World-Herald, Nebraska - Money & Markets
Housing, manufacturing give US economy lift	17:36 Omaha World-Herald, Nebraska - Money & Markets

Gold Firms In Tandem With Dollar

by Peter A. Grant

Mar 27, AM
(from USAGOLD.com) --

Gold has been remarkably resilient in the face of recent dollar strength, as the euro continues to suffer amid ongoing worries that the debacle in Cyprus will spread to other eurozone members. The yellow metal has once again rebounded from tests below $1600, even as the dollar index pushed to new four-month highs.

The euro fell back below 1.2800 against the dollar for the first time since November as Cyprus prepares to reopen their banks on Thursday. The banks will be implementing strict capital controls, likely including a limit on the amount of money that can be taken out of the country. Security is expected to highly visible and tight.

With the European Parliament now looking to use the Cyprus "bail-in" as a template for the rest of Europe, banking shares are taking a beating. It would seem that many in Europe had the misconception that their bank deposits were completely safe. What Cyprus makes glaringly clear is that if you have deposits in excess of the insurance level, you are at risk of confiscation.

And keep in mind, Cyprus and the troika were prepared to override the deposit insurance initially and take a percentage of deposits less than €100k as well. They only backtracked on that part of the deal after objection to such a plan, suddenly the deposit insurance was a European "principle" not to be trifled with.

Not surprisingly, European bank shares are under pressure, on expectations savers will start withdrawing to get below the deposit insurance level. While the FDIC insures deposits in the U.S. up to $250k, there are many individuals and companies that routinely maintain balances in excess of this level.

Clearly, U.S. depositors are not being adequately compensated in terms of yield for this risk. So it might be time to make some moves to protect ones savings; to get at least a portion of your savings out of the dollar and out of the banking system and into gold.

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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 In Tandem With Dollar