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Metals Stocks: Gold on track to end July with 2.5% monthly fall07:16
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Gold below $1,300 on US growth optimism, set for monthly loss06:54
Business Recorder, Pakistan
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Chinese gold jewellery demand sees first quarterly drop in 8 years06:46
Reuters - Industry, Materials & Utilities
Chinese gold jewellery demand sees first quarterly drop in 8 years06:44
Reuters.co.uk - Regulatory News
Gold: Support at 1291.30/1287.50, resistance at 1302.40/1312.1006:43
FXstreet - Latest Analysis
Gold Weaker in Subdued Trading; U.S. Jobs Report Awaited06:41
Silver steady as gold takes some hits - Phillips06:26
Why Now Is the Time to Buy Barrick Gold Corp.06:25
The Motley Fool (Canada)
Gold Might Test the Lows of Its One-Year Price Range06:25
1 to 2 hours old
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Gold below $1,300 on US growth optimism, set for monthly loss06:03
Gulf News - Business
Oxus Gold PLC : Total Voting Rights05:57
InvestEgate (Company Announcements) - Trade
Update: Kinross Gold's Earnings05:52
London platinum/palladium fixes seek third-party admin, in wake of silver/gold05:50
Update: Barrick Gold's Earnings-The Losses Continue05:32
Gold holds below $1,300 on US growth optimism05:30
Business Day - Markets
HUGE Gold, Copper Mine Approved05:21
The Huffington Post Canada
2 to 4 hours old
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Gold prices recover marginally; silver remains higher05:19
The Times of India - International Business
Gold Flat Ahead of Unemployment Claims05:12
FXstreet - Latest Analysis
Galane Gold Is Producing 50,000 Ounces Of Gold Per Year, And Yet Has An Enterprise Value Of Next To Nothing05:10
AdvisorShares: Which Denomination of Gold is Your Parachute?04:33
ETF Trends
Ichimoku Cloud Analysis: GBP/USD, Gold04:32
FXstreet - Latest Analysis
True Gold Announces Appointment of New Director04:30
MarketWatch - Market
Barrick Is A Levered Play On Gold04:01
Oil Unrest to Drive Gold Price Higher04:01
Bullion Vault
Bullabulling Gold : Admission of shares to trading on AIM03:47
InvestEgate (Company Announcements) - Trade
Gold prices recover marginally; silver remains higher03:38
The Economic Times - Markets
Central Bank profits strike gold03:32
Swiss Info
Gold prices recover marginally; silver remains higher03:30
Rediff.com - Business
Massive Gold Mine Discovered in China's Xinjiang Province03:26
IBTimes.co.uk - Business
4 to 6 hours old
www.usagold.com --LIVE NEWS--
Gold prices recover marginally; silver remains higher03:09
The Hindu - Markets
Dodge & Cox Worldwide Global Stock - Gold03:08
Howard Gold's No-Nonsense Investing: Dump these investments from your portfolio now03:05
Forex Technical Analysis: EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/RUB, Gold02:51
FXstreet - Latest Analysis
Detour Gold (DGC) Releases Quarterly Earnings Results02:46
Ticker Report - Banking
Ariana Resources PLC : Red Rabbit Gold Project: Mine 100% Financed02:37
InvestEgate (Company Announcements) - Trade
Gold drops again as US economy improves02:30
The Sydney Morning Herald - Business
Sibanye Gold’s profit drops 36%02:26
IOL - Business - Companies
Kinross Gold (K) Releases Quarterly Earnings Results, Hits Estimates02:26
Ticker Report - Banking
Gold back at 1292 support02:23
Director Deals - Bullabulling Gold Ltd (BGL)02:22
Lower gold prices slam Kinross Q2 adjusted earnings02:15
CORRECTION: Yamana reports increased gold production02:15
Sula Iron & Gold unaffected by Ebola outbreak01:57
Proactive Investors (UK)
Gold drops for fourth day as US economy improves01:45
The Age - Markets
Gold stays below $1,300 as US economic optimism dents demand01:42
Business Recorder, Pakistan
Gold drops for fourth day as US economy improves01:41
WA Today - Markets
'Restricting gold imports not the only long-term solution for managing CAD'01:31
The Economic Times
Kalimantan Gold expects maiden resource estimate on BKM soon01:28
InvestEgate (Company Announcements) - Trade
Spot gold price moves up, suggesting marginal demand pickup01:27
The Economic Times - Markets
Earlier Today
www.usagold.com --LIVE NEWS--
Crude Oil And Gold Regain Footing Ahead of Round 2 For US Event Risk01:09
Daily FX

Gold Range Bound After GDP Beat, Awaits Fed

by Peter A. Grant

Jul 30, AM
(from USAGOLD.com) --

Gold remains within the recent range, but has been somewhat choppy intraday after a better than expected advance Q2 GDP report and as the market awaits the FOMC policy statement. Geopolitical tensions continue to underpin the yellow metal.

GDP rebounded to a 4.0% annual pace in Q2. That was much better than the +2.9% the market was expecting and goes a long way toward offsetting the dismal decline in Q1. However, the beat has been largely dismissed by the market.

Gold sold off initially down to 1291.50, but then popped back above $1300, before settling into a narrow range just below $1300. Stocks gave back early gains as analysts noted that much of the Q2 rebound was attributable to inventory building.

"We do not view the outperformance in this report as a signal that the outlook for growth has improved," said Barclays. A Wall Street Journal headline read: Modest Growth Beneath the Surface Keeps Fed on Track. The implication being that the initial Q2 number was not so great as to change what the Fed has been doing of late.

The Fed is expected to hold steady on rates later today and reduce asset purchases by another $10 bln. Treasury yields suggest that forecasts for a rate hike early in 2015 perhaps gained a little credence today.

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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