Live London Gold News Wire

NEW in the last 5 minutes www.usagold.com --LIVE NEWS--
Dollar Remains Higher Versus Euro Before Report on U.S. Growth	18:04 Bloomberg - Markets
Five main currencies' exchange rates against Canadian dollar	18:01 China.org.cn - Markets
5 to 10 minutes old www.usagold.com --LIVE NEWS--
The Aussie Dollar Is Getting Smoked	17:59 Business Insider - Finance
Victory Mines’ airborne geophysical survey to define conductors at WA copper-nickel project	17:57 Proactive Investors - Australia
Universal Commodity Exchange may sell 5% stake to bullion trader	17:57 The Economic Times - Stock Markets
AfDB boss task African nations on sustainable economic transformation	17:57 Daily Independent
Dollar takes another steep dive	17:56 WA Today - Business - National
15 to 30 minutes old www.usagold.com --LIVE NEWS--
FIBA's Mainini Excited For NBA's Silver	17:49 SportsBusiness Daily
Beware the spectre of inflation	17:48 The Economist
UPDATE: Gold Trims Early Losses Despite Stronger U.S. Dollar	17:40 Forbes - Home Asia
Take a longer view on Inflation-indexed bonds	17:38 The Economic Times - Personal Finance/ Savings
30 minutes to 1 hour old www.usagold.com --LIVE NEWS--
Palladium ETF sees record inflows	17:35 Interactive Investor - Property
PIMCO comments on the Australian dollar – ‘Filling the Hole We Have Dug’	17:34 ForexLive.com
Sunridge Gold Provides Correction to the Discount Rate Reported in May 16, 2013 News Release	17:32 Business Wire (Press Release)
Joan Michelson: Innovating in a Post-Carbon Economy: Richard Branson, Elon Musk, Energy Secretary Moniz and Ambassador Melanne Verveer Come Together in DC	17:29 The Huffington Post
Colombian Peso Drops Beyond 1,900 for First Time in 16 Months	17:28 Bloomberg - Markets - Emerging Markets
Japanese, Hong Kong Stock Futures Rise on U.S. Economic Data	17:26 Bloomberg - Markets - Stocks
Senate wants 5-year plan from Illinois economic development arm	17:25 Chicago Tribune - Business
Abe’s Adviser Tells South Korea to Cope With Yen Not Blame Japan	17:20 Bloomberg - Japan
Bank of France Seeking Yuan Liquidity Agreement for Euro Area	17:19 Bloomberg - France
Birimian Gold returns new shallow gold at Massigui Project in southern Mali	17:17 Proactive Investors - Australia
SP Setia wins Fiabci gold award for the 5th time	17:17 The Star Online
BofA Slashes Silver Outlook by 25%	17:16 CNBC.com - Asia
Japan PM Abe’s economic adviser interview yesterday – recap	17:14 ForexLive.com
Kerry Hopeful on Palestinian Economic Plan	17:10 Voice of America - Economy
IMF: Arab Spring Nations Face Delayed Economic Recovery	17:10 Voice of America - Economy
BOJ's Kuroda pledges to support economy with QE: Amari	17:09 Business Times Online - Editorial and Opinion
Analysts see taxable sales homing in on pre-recession levels	17:09 Las Vegas Review-Journal
European private equity argues case as driver for economic competitiveness and growth	17:09 AltAssets
Northern Star Resources hits 231g/t gold at Paulsens	17:07 Proactive Investors - Australia
Stocks rally, US Treasury yields climb	17:07 Business Recorder, Pakistan
China to Face Challenges as Economic Growth Slows to Sustainable Levels	17:07 oilprice.com
Consumer Confidence Makes New Bull Market High	17:05 SeekingAlpha - Macro View
1 to 2 hours old www.usagold.com --LIVE NEWS--
Apollo Minerals gains South Australian Government funding for base-precious metals project	17:04 Proactive Investors - North America
Blackham Resources reviews gold development options for Williamson Mining Centre	17:04 Proactive Investors - North America
Head Of White House Economic Council To Step Down	17:03 NPR - Economy
Energy trade key to Canada’s economy	16:55 Vancouver Sun
Austrian hedge fund chief see gold to $3,000 to $5,000	16:54 ForexLive.com
Krueger, top Obama economic adviser, to leave post	16:47 6 News, Michigan - Business
Stocks rally, yen falls on central bank assurances	16:39 The Daily Star, Lebanon
Haven currencies fall as dollar climbs	16:36 FT.com
New signs point to improving U.S., local economy	16:36 Palm Beach Post, Florida - Business
Biggest Platinum Companies Hurt as Union Usurps Old Guard	16:33 Bloomberg - Markets - Commodities
Former Edeus chief Michael Bolton appointed joint CEO of Clayton Euro Risk	16:23 Money Marketing
Go slow on gold coin sales, RBI tells banks	16:20 The Business Standard
Qatar may drop dollar peg in future: central bank chief	16:15 The Daily Star, Lebanon
Bitcoin setback? – Digital currency exchange indicted for money laundering	16:14 ForexLive.com
In A Single ATM, The Story Of A Nation's Economy	16:11 NPR - Business
Schemes grab chance to fireproof against inflation	16:08 Engaged Investor
Silver Spring Networks pays non-employee directors in stock, no cash	16:07 San Francisco Business Times

Gold Continues to Struggle Above $1400

by Peter A. Grant

May 28, AM
(from USAGOLD.com) --

Gold has snapped back from earlier pressure, and while still lower on the day, is presently trading $20 off its intraday low. Interestingly, gold rose along with the dollar and shares. While the yellow metal peeked above $1400 briefly, these levels could not be sustained.

Today's reported rise of 1.4% in the Case-Shiller home price index for March, along with a better than expected jump in May consumer confidence are boosting stocks. The intraday rebound in gold came in the wake of the consumer confidence print, suggesting that inflation risks may once again entering the consciousness of investors.

More dovish central bank speak from both the ECB and the BoJ are contributing to heightened risk appetite. ECB executive board member Asmussen said an "open discussion" on negative deposit rate is ongoing at the central bank. Meanwhile Meanwhile, the ECB's chief economist Peter Praet said that he sees no reason for the ECB to change course, suggesting that the crisis is not over.

Amid concern over rising JGB yields, BoJ board member Ryuzo Miyao said, "Even when there is upward pressure on long-term interest rates due to expectations for economic recovery, monetary policy will continue to put downward pressure on interest rates and therefore strongly support economic recovery." The suggestion being that the BoJ has the ability to tamp yields with more bond purchases.

Here in the U.S., doubts remain as to Fed policy moving forward as a result of mixed messages from the central bank. I continue to suspect that there is not really any tightening in the offing (see Friday's DMR), but there seem to be plenty leaning toward a tapering of accommodations, perhaps as soon as later this summer.

NEWSLETTER SIGN-UP

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.

Gold dealers index of gold coin images - popular investments

USAGOLD Bulletin Board

"There is much wisdom between the covers of this book."

Practical guidelines for adding gold to your portfolio from the founder of USAGOLD - forty years in the business.

Want more information?
Click Here

Seven reasons
Why discriminating investors choose USAGOLD

Video Roundtable Series:

The Paper Market Panics While Physical
Buyers Rejoice

Precious Metals Trading and Storage Program
Competition for the ETFs
with a delivery option

P.O. Box 460009
Denver, Colorado 80246-0009

1-800-869-5115 (US)
00-800-8720-8720 (EU)

303-399-6759 (Fax)

[email protected]

Office Hours

6:00am - 7:00pm
(U.S. Mountain Time)
Monday - Friday

American Numismatic Association
Member since 1975

Industry Council for Tangible Assets

zero complaints

Tuesday May 28
website support: [email protected]
Site Map - Privacy - Disclaimer
The USAGOLD logo and stylized gold coin pile are trademarks of Michael J. Kosares.
© 1997-2012 Michael J. Kosares / USAGOLD All Rights Reserved

Daily Gold Market Report

Gold Continues to Struggle Above $1400