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Live London Gold News Wire
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Kitco - Hawaii Six O - Gary Wagner
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CANADA STOCKS-Energy losses lead TSX lower, gold miners limit fall15:13 - Regulatory News
CANADA STOCKS-Energy losses lead TSX lower, gold miners limit fall15:06
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Value of Gold - Unlike Paper Currency Gold Maintained Value Throughout Ages15:01
Zero Hedge
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Bill Murphy: Fundamentals Will Push Gold & Silver To Spectacular Levels14:31
Zero Hedge
2 to 4 hours old --LIVE NEWS--
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CANADA STOCKS-TSX in broad fall led by energy stocks, gold miners gain14:21
Reuters - Canada Market Report
PRECIOUS-Gold near 3-week high on dollar retreat, Indian festival demand14:06
Kitco - News Bites
CANADA STOCKS-TSX in broad fall led by energy stocks, gold miners gain14:06
Kitco - News Bites
Gold, silver climb on weakening US consumer confidence14:05
Business News Americas - Metals
Richner buys Gold Coast Gazette weekly14:04
Foothill Gold Line is Catalyst for Transit Oriented Developments that Account for Billions in Economic Impact, According to Reports13:43
PR Newswire (Press Release) - Policy and Public Interest
Freeport swings to profit in Q3 on costs, gold price13:35
Business News Americas - Mining
Gold Futures Gain as Indian Festival Seen Supportive for Demand13:34
Bloomberg - Gold
Gold Prices Rise on Dimmer Economic Outlook13:33
Nasdaq - Global Markets
Lateral Gold (TSXV: LTG) Announces Closing of Offering of Subscription Receipts13:15
Gold is $5 away from being awfully interesting12:53
TSXV Biggest Percentage Gainers Mid-Afternoon: Portola Resources, Engold Mines, Aurvista Gold12:52
Nasdaq - Global Markets
TSXV Biggest Percentage Decliners Mid-Afternoon: Fibre-Crown Manufacturing, Eqube Gaming, Jubilee Gold Exploration12:52
Nasdaq - Global Markets
Zijin, Shandong go after Barrick Gold’s Veladero mine in Argentina12:50 - Gold
Gold Climbs To Three-Week High12:33
Barron's Online - Funds
Chinese mine companies in talks for stake in Barrick’s Veladero gold mine in Argentina12:30
South China Morning Post - Money
4 to 6 hours old --LIVE NEWS--
Gold Rises As Fed Turns Mum12:11
London South East
Gold Sees Decent Gains On Bargain Buying, Short Covering11:55
Kitco - News Bites
Digging Into Gold Stocks: Do Goldcorp's Strengths Give It an Edge?11:40
Fox News - Markets
OpenStack® Foundation Welcomes Four New Gold Members from China and Europe11:36
Business Wire (Press Release)
A Yellow Warning Flag For Gold Miners11:32
Gold Fields to spend $1.4bn on Ghana mine11:22
Fin24 - Companies
Digging Into Gold Stocks: Do Goldcorp's Strengths Give It an Edge?11:20
The Motley Fool
Fundamentals Will Push Gold, Silver To Spectacular Levels11:12 - Commodities
Gold rises on higher demand, Fed rate hike prospects weigh11:04
Business Day - Markets
Now Is The Time To Acquire Gold Projects - Brent Cook10:57
Kitco - Interviews
How 1 Billionaire Became A Gold Bug10:52 - Commodities
6 to 8 hours old --LIVE NEWS--
As yuan sinks, Goldman flags scope for gold rally10:09
Taipei Times - Business
Avocet claims gold seizure10:02
Mining Journal
Value Of Gold – Unlike Paper Currency Gold Maintained Value Throughout Ages09:52
Gold Price And Central Bank Confidence09:52
5% Allocation In Gold Is Appropriate - Mohamed El-Erian09:31
Kitco - Focus
Govt mulls recurring gold deposit scheme09:14
The Business Standard
#TSX #Mining News: Ashanti Gold (TSXV: AGZ) Announces Ghana Gold Project Earn-in Letter of Intent with Red Back09:14
Gold Rises on Dimmer Economic Outlook09:14
The Wall Street Journal - Markets
“Chindia” Buying Gold on Dips, 20% Corrections Are “Non Events”09:12

Gold Firmer, Despite Strong Dollar and Home Price Gains

by Peter A. Grant

October 25, AM
(from --

Gold is trading modestly higher within the recent range amid mixed economic data and persistent dollar strength. The yellow metal set new highs for the week, despite growing expectations that the Fed is going to pull the trigger on another December 25 bps rate hike.

I like to joke that at 25 bps per year, it will only take rates about 12-years to "normalize". At his pace, it will be 2027 before Fed funds get back to 3%!

I would argue that despite the now 70% probability of a tightening, it's still far from being a sure thing. When the Fed first began talking about a gradual tightening bias, who knew it would be THIS gradual?

Today's home price data was encouraging, with a 0.7% rise in the FHFA home price index and a +0.4% gain in the Case-Shiller 20-city price index, both in August. However, consumer confidence fell to 98.6 in October, below expectations of 101.4, versus a negative revised 103.5 in September (was 104.1). It was the biggest drop in 11-months; not something you want to see as we head into the all-important holiday shopping season.

We'll get the Q3 advance GDP number on Friday. Consensus is +2.5%, but a miss could severely erode the recent hawkishness going into next week's FOMC meeting. A beat on the other hand would seal the deal in many people's minds.

That being said, remember that last December's rate hike pretty much marked the low in gold. A near 30% rally ensued. If this is the way things unfold, the yellow metal will be starting more than $200 higher.

Opinions expressed in commentary on the 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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