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30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
The Economic Growth Mess	20:38 The Daily Beast
Cheaper yen imports to boost Maruti	20:35 Gulf Daily News - Business
Economic growth of 2.5% falls shy of hopes	20:32 Star-Telegram, Texas - Business
Japanese Yen Room to Rally as BoJ Witholds Stimulus Details	20:23 Daily FX
FOREX: Ringgit Likely To Trade Firmer Against Dollar Next Week	20:22 Bernama - Malaysian National News Agency - Markets
Gold rises by one percent	20:18 The News International - Business
Rupee recovers against dollar	20:18 The News International - Business
Argentina plugs economic holes ahead of October vote	20:18 The News International - Business
Enabling economic policies sought for US investment	20:18 The News International - Business
U.S. economy expands; federal cuts are a concern	20:18 Minneapolis Star Tribune - Business
E.U. Is Pressed to Reconsider Cuts as Economic Cure	20:16 The New York Times - Technology
Canadian Dollar To Consolidate Ahead of GDP Report	20:13 Daily FX
Gold Still Bearish below $1504- Rebound at Risk Ahead of FOMC, NFPs	20:13 Daily FX
British Pound to Hold Bullish Trend as UK Skirts Triple-Dip Recession	20:13 Daily FX
1 to 2 hours old www.usagold.com --LIVE NEWS--
NTUC president calls for tripartite unity to see S'pore economy through transformation	20:06 Business Times Online
U.S. Economy Picking Up Again	20:04 The Ledger, Florida - Business
A Close Look at How the Economy Is Growing	20:04 The Motley Fool
Tired of Choppy Dollar Moves? The Coming Week Could be Huge	20:03 Daily FX
After near-stall in late 2012, US economy picks up	20:01 Milwaukee Journal Sentinel - Business
Watchmakers Find Gold Rush in China Is Slowing Down	19:55 The New York Times - Technology
U.S. economy picking up after near-stall in late 2012	19:55 MassLive.com - Top News
Economic growth rises to 2.5% pace but falls below expectations	19:54 LA Times
SPI-based weekly inflation decreases slightly	19:54 The Nation - Business
KSE remains in narrow range on rupee fall	19:54 The Nation - Business
Mass. economy grows faster than US in first quarter	19:49 Telegram & Gazette, Massachusetts - Business
COMEX Gold Inventories Plummet	19:47 Scoop - Business
Your Finance: REIT hedge against inflation	19:42 Newsday.com - Business
Downtown L.A. landlord Brookfield is bullish on office market	19:36 LA Times - National News
Stocks stall on tepid U.S. economic growth	19:31 Green Bay Press Gazette
2 to 4 hours old www.usagold.com --LIVE NEWS--
Fluctuations in gold price leaves sellers digging for options	19:09 Chico Enterprise Record, California - Business
US economy misses quarterly growth target	19:07 The State, South Carolina - Business
Lower-than-expected retail sales hit economic hopes <	19:01 Irish Examiner
Economic growth rises to 2.5 percent pace but falls below expectations	18:49 The Idaho Statesman - Business
Inflation increases to 6.9 per cent	18:41 Trinidad & Tobago Guardian Online - Business
U.S. economy’s jump in Q1 may be fleeting	18:40 The Salt Lake Tribune, Utah - Money
China, France seek new areas of economic cooperation	18:40 China.org.cn - Economy
US economy accelerates at 2.5 percent rate in Q1	18:30 Jakarta Post - Business
U.S. economy edges up	18:26 Tampa Bay Times - Business
Dollar Tree Stores Inc. (DLTR): Today's Featured Retail Laggard	18:25 The Street - Markets
Copper miner Grupo Mexico first-quarter earnings fall 15.4 pct	18:20 Reuters.co.uk - Regulatory News
Copper miner Grupo Mexico's first-quarter profit falls 15.4 pct	18:15 Reuters - Economy
Bullish on Hornbeck Offshore	17:59 The Globe and Mail
French ruling party raps 'austerity chancellor' Merkel	17:57 EUbusiness.com
Economy rebounds in Q1	17:54 The Charlotte Observer - Business
Maruti’s Q4 profit smashes forecasts on popular MPV, yen weakness	17:51 The Star Online
ADB elects Japan’s top currency official as president	17:51 The Star Online
Are beaten-down gold stocks now a buying opportunity?	17:49 The Globe and Mail
Canada home to 10 per cent of Swiss bullion	17:29 The Globe and Mail - International
Economy grew at 2.5 percent in 1st quarter, amping fears of a stalled recovery	17:28 The Washington Post
Dollar eases on US Q1 growth disappointment	17:25 Business Times Online - World

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