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Sherri Gastelum the CEO of Platinum Tax Defenders Outlines Reasons Why Just Filing …	22:09 Yahoo! US - Business - Press Releases
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Asian Currencies Gain in Week as Won Advances on GDP, U.S. Data	22:07 Bloomberg - Markets
US Economy Likely Rebounded in First Quarter	22:06 ABCNews.com - Off the Wires
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U.S. Dollar Ends Week Lower as Pound, Yen Strengthen	22:04 Daily FX
Currencies: Dollar lags ahead of U.S. GDP report	22:02 MarketWatch
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America's Economy Cannot Afford Its Nosebleed Corporate Income Tax	21:47 Forbes.com - Opinion
Traders turn bullish as gold demand spikes	21:44 WA Today - Business - National
Services sector powers our recovering economy	21:40 Belfast Telegraph
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Economy avoids triple dip recession	21:31 Belfast Telegraph
Gold Traders Most Bullish in Month as Buying Surges: Commodities	21:25 Bloomberg - China
Gold futures set to rise to Rs 27,500; spot will gain	21:24 The Hindu Business Line - News
Global economy shows little sign of recovery	21:20 China.org.cn - Opinion
Germany operates on different level from euro partners, admits Merkel	21:19 DNA India
Forex Flash: USD/CNH sees higher fixes, delay to widen the band? - RBS	21:11 FXstreet - Forex News
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‘Silver Fern Farms to Launch Communications Platform	21:07 Scoop - Business
Gold Advances to Highest Since Rout, Set for Best Week Since ’11	21:05 Bloomberg - India & Pakistan
Forex: USD/JPY selling off ahead of BoJ	21:01 FXstreet - Forex News
Europe austerity debate to weigh on Spain’s new economic plans	20:56 South China Morning Post - Economy
Staff seconded to Treasury 'able to find tax loopholes'	20:47 ITV News - Politics
Gold rises more than one percent to …	20:43 Yahoo! India
High inflation rate tipped to linger in Top End	20:42 ABC Online - Business
Silver notches two-week high on physical buying	20:42 Proactive Investors - Australia
Golden Cross Resources to focus on resource addition at Copper Hill	20:42 Proactive Investors - Australia
‘Good tsar’ anoints new economic adviser	20:39 FT.com - Asia
Guest Post: It's A Bit Early To Declare A Winner In The Economic Debate	20:33 Zero Hedge
Korean Economy Grows 0.9% in Q1	20:32 The Chosun Ilbo - Article List
Britain dodges recession as economy grew in Q1	20:21 Trinidad & Tobago Guardian Online - Business
Forex: US Dollar leaking lower during Asia trade	20:21 FXstreet - Forex News
Forex: AUD/USD higher on weaker USD and stronger commodities	20:21 FXstreet - Forex News
Ridiculous conflict of interest 'fueling tax avoidance'	20:20 ITV News - Money
FOREX: Ringgit Opens Marginally Better Against Dollar	20:12 Bernama - Malaysian National News Agency - Markets
Mumbai University has more super-rich alumni than Cambridge or Brown	20:11 The Economic Times
Europe austerity debate to weigh on Spain's new economic plans	20:11 The Economic Times
Sterling boosted as triple-dip avoided	20:10 The Scottish Herald - Business
2 to 4 hours old www.usagold.com --LIVE NEWS--
Gold rises to one-week high	20:09 The News International - Business
Rupee falls against dollar	20:09 The News International - Business
Forex reserves rise to $11.9bn	20:09 The News International - Business
Gas curtailment to fertiliser industry to cost exchequer $450m	20:09 The News International - Business
Copper Poised for First Weekly Gain in Six on U.S. Jobs Data	20:07 Bloomberg - Markets
Southern Copper Corporation (SCCO): Today's Featured Metals & Mining Winner	20:06 The Street - Markets
Gold rises more than 1% to near 2-wk high	20:06 Business Times Online - World
Japan’s Bigger Price Decline Shows Size of Kuroda Task: Economy	20:05 Bloomberg - Industries
Gold imports increased by 33.49pc in 9 months	20:04 The Nation - Business
Economic reforms to attract fresh UK investment	20:04 The Nation - Business
Country’s economy on right track despite odds	20:04 The Nation - Business
IMF urges Pakistan to act to stabilise economy	20:04 The Nation - Business
Gold rises more than one percent to near two-week high	19:57 Reuters - Business

Gold Has Retraced More Than Half of Price Swoon

by Peter A. Grant

Apr 25, AM
(from USAGOLD.com) --

Gold pushed to new 8-day highs and more than half of the big price swoon has already been retraced. As paper selling initially overwhelmed the much smaller physical market nearly two-weeks ago, now it is demand in that smaller physical market that is overwhelming the paper market.

A retreat in the dollar is helping to underpin the yellow metal amid heightened concern that the U.S. economy may once again suffer during the transition from spring into summer, as it has for the past several years. This may prompt those on the FOMC advocating for a phased withdrawal of accommodations to rethink that positions.

Sterling strength has contributed to pressure on the dollar. The UK preliminarily reported that GDP grew 0.3% in Q1. Now that's still a pretty crummy number, but it beat expectations of +0.1%, and most importantly prevented the UK from slipping into an "official" recession...at least until the revisions come.

Rasmussen released a poll today that showed 54% of respondents believed the US is currently in recession. I would wager that a poll of UK citizens would yield a higher number than that. Nonetheless, expectations that the BoE is on the verge of increased QE have been tempered somewhat.

However, the miniscule UK GDP beat notwithstanding, evidence is mounting that economic activity in the industrialized nations is slowing. Spain reported another new record high jobless rate of 27.2% today. The number of unemployed persons in Spain is now in excess of six-million. It's looking increasingly like the ECB will cut rates by 25 bp, perhaps as soon as next week.

The age of super-easy monetary policy and extraordinary accommodations is alive and well. Given that reality, emerging central banks are likely to continue buying gold as means to reduce exposure to the devaluing currencies of the west.

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Gold Has Retraced More Than Half of Price Swoon