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NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
LME ASIAN WRAP: Copper price stays above $7,000 ahead of US, Europe news	21:59 Metal Bulletin
5 to 10 minutes old www.usagold.com --LIVE NEWS--
Forex Flash: No barrier to further RBA easing - NAB	21:50 FXstreet - Forex News
10 to 15 minutes old www.usagold.com --LIVE NEWS--
The Great Gold Debate Continues, And It's Serious	21:46 Forbes.com - Opinion
Gold Rush From Dubai to Istanbul Drains Supply as Premiums Jump	21:45 Bloomberg - Worldwide
15 to 30 minutes old www.usagold.com --LIVE NEWS--
Rising dollar, falling prices biggest threat to farmers	21:40 ABC Online
Dwindling U.S. gold stocks signal surge in physical demand	21:34 Reuters - Economy
FOREX-Dollar subdued as low inflation alters Fed calculus	21:34 Reuters - Economy
YTC Resources to drill gold and base metals prospect in New South Wales	21:32 Proactive Investors - Australia
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Our economy must get competitive to catch up with rest	21:29 Belfast Telegraph
Fort Mill hospital case still focused on economic impact	21:29 The Rock Hill Herald, South Carolina - Business
Forex: GBP/JPY finishes slightly lower as recent consolidation continues	21:10 FXstreet - Forex News
NZ business confidence falls for second month	21:06 Scoop - Business
Copper In for a Rapid but Temporary Fall: Chartist	21:06 CNBC.com - Asia
Japan-to-Korea Output Misses Estimates as Taiwan Cools: Economy	21:01 Bloomberg - Markets - Emerging Markets
Forex Flash: Short term bullish risks on the rise for AUD/USD - JPMorgan	21:00 FXstreet - Forex News
1 to 2 hours old www.usagold.com --LIVE NEWS--
Business confidence positive despite slip	21:00 Stuff.co.nz
Could finance be victim, not cause of economic woe?	20:56 Business Times Online
Surprise rise in consumer spending spells hope	20:56 Business Times Online
Malaysia's economy still in good shape: report	20:56 Business Times Online
Gold may slip; MCX June futures may test Rs 27,000	20:50 The Hindu Business Line - Markets
Forex: AUD/NZD struggling to get above 1.21, off fresh 3.5-year lows	20:50 FXstreet - Forex News
Don’t relax vigil against inflation: IMF to India	20:42 The Economic Times
Rubber Advances as U.S. Housing, Weak Yen Boost Demand Outlook	20:36 Bloomberg - Markets - Commodities
Strong Yen Weighs on Nikkei	20:33 The Wall Street Journal - Asia
Bursa Malaysia Opens Easier Despite Bullish Wall Street Performance	20:33 Bernama - Malaysian National News Agency - Markets
Phoenix Gold extends mineralisation at Castle Hill gold project	20:32 Proactive Investors - Australia
Liontown Resources expands Tanzanian gold footprint	20:32 Proactive Investors - Australia
Forex: EUR/AUD – More consolidation before the next leg up?	20:30 FXstreet - Forex News
Wealthy spenders could drive economy in 2013	20:18 NBCNews.com
New govt must produce economic policy direction: Dr Husain	20:18 The News International - Business
Gold bubble burst, pricked by inflation and mining costs	20:15 WA Today - Investment
Wealthy could drive economy in 2013	20:09 NBCNews.com - Personal Finance
The Spot Price of Precious Metals Is Becoming Irrelevant	20:02 Zero Hedge
Huh? Both stocks, Treasury prices soar	20:02 USA Today
2 to 4 hours old www.usagold.com --LIVE NEWS--
The Romanian Gold Mine Bending Billionaire Investment Portfolios	19:58 Forbes - Home Asia
Copper Set for Worst Month Since May as Demand Concern Grows	19:56 Bloomberg - Markets - Commodities
Germany shows interest in promoting economic growth	19:55 The Nation - Business
Forex: USD/SGD – Head & Shoulders Pattern completed on daily chart?	19:50 FXstreet - Forex News
Forex: USD/JPY above 98.00 again	19:50 FXstreet - Forex News
Viking Minerals Inc: The Company signs a Letter of Intent with Wan Fang Financial to acquire a promising Gold Property	19:49 PR Newswire (Press Release) - Financial Services
NZ business confidence eases modestly in April: ANZ survey	19:45 Business Times Online - World
Euro Traders Should be Wary of Heavy Volatility Potential Tomorrow	19:33 Daily FX
Hampton Roads economic growth hits sequestration wall	19:33 Daily Press, Virginia
Atlantic Gold gains greenlight for Touquoy gold project to move ahead	19:32 Proactive Investors - Australia
Japan Industrial Output, Retail Sales Disappoint	19:19 Fox Business - Industries
Perth Mint feels gold buying frenzy	19:11 The Age
New Zealand Apr RBNZ Business Confidence falls to 32.3% vs 34.6%	19:10 FXstreet - Forex News
Asian Stocks Rise to Five-Year High on U.S. Homes; Won Gains, Silver Drops	19:06 Bloomberg - Regions
N.Z. Dollar Falls After Building Permits Drop; Aussie Holds Gain	19:06 Bloomberg - Regions
New Zealand: ANZ April business confidence 32.3 (vs. 34.6 prior)	19:05 ForexLive.com

Gold Firms Ahead of Central Bank Meetings

by Peter A. Grant

Apr 29, AM
(from USAGOLD.com) --

Gold begins the week on pretty firm footing, having retraced much of Friday's intraday retreat. The dominant story in the market continues to be the strong physical demand for gold that emerged as a result of the mid-month sell-off in the paper market.

A weaker dollar is helping to underpin the gold market. The greenback has been pressured by a stronger euro after Italy successfully formed a new government over the weekend. The ECB meets this week and a recent worsening of the economic data have increased the likelihood of a 25bp rate cut.

The Bank of Japan said reiterated its plan on Friday to "conduct money market operations so that the monetary base will increase at an annual pace of about 60-70 trillion yen." However, the market seems to have been hoping for more than the already stated plan to double the monetary base in two-years. The yen rallied, leaving the important 100.00 level against the dollar well protected.

The Fed also meets this week and will announce policy on Wednesday. With the economy continuing to languish, the FOMC is widely expected to hold rates steady near 0% and continue buying $85 bln a month in assets. In light of the recent soft data and hints of deflationary pressures, talk of phased withdrawals of accommodations has diminished in recent weeks.

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Gold Firms Ahead of Central Bank Meetings