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NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
Forex: AUD/USD higher above 1.0460 on Aus trade balance	18:47 FXstreet - Forex News
5 to 10 minutes old www.usagold.com --LIVE NEWS--
Fed hawk Lacker and policy dove Evans face off over inflation	18:45 Daily Press, Virginia - Business
10 to 15 minutes old www.usagold.com --LIVE NEWS--
Trade deficit narrows more than expected	18:38 Business Spectator - Economy
Fed’s Evans: More fiscal stimulus would be a help to the US economy, would lift US growth	18:38 ForexLive.com
Trade deficit narrows in February	18:36 The Age
15 to 30 minutes old www.usagold.com --LIVE NEWS--
Fed's Lacker: Inflation contained but risks are mounting	18:27 Reuters - Economy
Forex: USD/JPY heading for retest of 93.50/55, Nikkei up 1.5%	18:26 FXstreet - Forex News
RUTH SUNDERLAND: How can single currency have long term future when it has robbed a generation of young people of jobs and hope?	18:24 This is Money - Investing & markets
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Fed’s Lacker: Inflation expectations have been stable	18:18 ForexLive.com
Forex: EUR/JPY holding above 119.50	18:16 FXstreet - Forex News
Kenya looks for economic peace reward after calm vote	17:56 The New Times - Business
1 to 2 hours old www.usagold.com --LIVE NEWS--
Asia Soaring Wages Stoke Inflation as Factory Costs Rise	17:49 Bloomberg - Australia & New Zealand
Survey: Most Young Pakistanis Pessimistic as Economy Struggles	17:47 Voice of America - Economy
Euro Trades Near Five-Week Low Against Yen Before ECB Meeting	17:47 Bloomberg - Regions
Lonmin’s CEO Magara Seen Struggling on Platinum Output Drive: Commodities	17:37 Bloomberg - Regions
Small business owners say immigrants help economy grow	17:35 The Arizona Republic - Money
Rupee might come under pressure as foreign investors send back dividends	17:32 The Economic Times - Forex
Dollar Regains Strength Versus Euro, Yen as Fundamentals Approach	17:30 Daily FX
Forex: NZD/USD - 0.8405/15 demand holds but limited bounces	17:26 FXstreet - Forex News
U.K. Shop-Price Inflation Quickens as BRC Notes Pound Weakness	17:26 Bloomberg - UK
FOREX-Yen & euro pensive as BOJ, ECB meetings loom	17:23 Reuters.co.uk - Currencies - Asian Currency
Henderson on Mulligan's Redistribution Recession	17:19 Library of Economics and Liberty (Weblog)
Auto sales up on economy, tax refunds, cheap loans	17:18 USA Today
Forex: GBP/NZD hits fresh 20-year lows sub-1.8000	17:16 FXstreet - Forex News
Shop price inflation on the rise	17:16 Shropshire Star - Business
Hospitality Financier Silver Chef Reports Record NZ Growth	17:12 Scoop - Business
S.Korea top exporters already hit by weak yen: survey	17:06 Business Times Online - Asia
Gold takes a beating	16:52 UPI - Security & Terrorism
Richard Attias: A Focus on Africa's Informal Economy	16:51 The Huffington Post
2 to 4 hours old www.usagold.com --LIVE NEWS--
Forex Flash: RBA rate call in May next potential date to cut - Nomura	16:46 FXstreet - Forex News
Forex: AUD/USD back to pre-RBA levels above 1.0450	16:46 FXstreet - Forex News
TransCanada: Pipelines To Grow The Economy	16:40 SeekingAlpha - Utilities
Park Sterling Bank suing law firm after fraudulent wire transfer	16:36 The Charlotte Observer - Business
Economic Optimism Revives Off Sequester Dud: IBD/TIPP	16:08 Investors Business Daily - Economy
Commodities Brief: Silver prints fresh 7-month low	16:06 FXstreet - Forex News
China Gold International Provides Full Support To The Government In Tibet's Landslide Rescue And Recovery Efforts	16:05 The Street - Markets
Silver Wheaton Provides Details of Annual Meeting of Shareholders and Files Form 40-F	16:03 PR Newswire (Press Release) - Financial Services
Dollar strengthens against other currencies	16:03 Channel NewsAsia - Business
Will Silver And Silver Wheaton Continue To Tumble?	15:59 SeekingAlpha - Macro View
Silver Spoon Cafe closed in tax seizure	15:57 Knoxville News Sentinel, Tennessee - Business
US close: Economic data points to growth	15:53 ShareCast
Seinfeld turns ‘nothing’ into rerun gold	15:52 FT.com - Companies A-Z
Oil demand to stay weak due to high prices and economic slowdown	15:50 The Economic Times
Pioneer Resources: Cashed-up to explore for Kalgoorlie gold and Fraser Range nickel	15:47 Proactiveinvestors - Australia
Forex: EUR/USD unable to trade above 1.2880; focus on ECB	15:46 FXstreet - Forex News
US researcher accused of economic spying for China	15:45 The Age
Thieves take record amount of copper in Utah heist	15:44 The Oklahoman
Fiat Currency Collapse	15:39 The Market Oracle - Politics & Social
Rallying Auto Sales Signal Improving U.S. Economy	15:39 Fox Business - Business
Aussie dollar opens the day flat	15:39 The Age - Markets

Gold Falls As Cyprus Crisis Fades

by Peter A. Grant

Apr 02, AM
(from USAGOLD.com) --

Gold is under pressure, falling deeper into the range as the Cyprus debacle fades into the background and firming stocks continue to attract capital flows. The yellow metal has fallen to new two-week lows below 1589.55.

Cypriot finance minister Michael Sarris resigned today amid an ongoing investigation into the causes of the financial crisis. Sarris himself is under scrutiny, so this move was widely anticipated.

Talks with the troika have concluded and bailout funds are now slated to begin flowing in May. Meanwhile, the ceiling for bank transactions requiring central bank approval has been raised to €25k, from €5k previously. While the easing of a capital control is being viewed as a signal the overall crisis is easing, most capital controls remain in place and are in fact expected to remain in place for some time to come. Nonetheless, the general sense is that Europe has dodged yet another bullet.

European stocks firmed and U.S. stocks are following suit, with the DJIA setting a new record high. As equity markets continue to rise, they are drawing investors out of their safe haven assets into riskier investments. With yields on deposits artificially suppressed as a result of aggressive monetary policy, investors are being pushed out along the risk curve in a quest for yield above the present rate of inflation.

See Michael Kosares' recent examination of real rate of return in Wealth won, wealth lost.

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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 Falls As Cyprus Crisis Fades