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Daily Gold Market Report
gold prices

Live London Gold News Wire
15 to 30 minutes old
www.usagold.com --LIVE NEWS--
Crude Oil Rallies, Gold Falls10:40
Investing.com - Commodities
Currency Wars Detonate…Gold Refuses To Budge10:39
Gold prices down 2.7% for the week10:38
Business Day - Markets
30 minutes to 1 hour old
www.usagold.com --LIVE NEWS--
EPA publishes new data, public records on Gold King Mine response10:20
Rise in interest for gold deliveries to customers' homes10:17
"Oil Cheap Or Gold Rich" Answered (For Now)10:08
Zero Hedge
Nord Gold N.V : Cancellation of Treasury Shares and GDR Buyback10:00
InvestEgate (Company Announcements) - Trade
1 to 2 hours old
www.usagold.com --LIVE NEWS--
Gold Climbs as Fed Leaves Open Possibilty of More Stimulus09:29
Bloomberg - Markets
Einstein, Physics, Gold And The Formula To End Economic Decay09:19
Gold: Bullish In Real Terms…Bearish In Nominal Terms09:19
Gold And Warnings From Exponential Markets09:19
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Einstein, Physics, Gold and The Formula To End Economic Decay08:57
The Market Oracle - Currency Market Analysis
Gold: Trend Change At Hand?08:50
Investing.com - Commodities
Gold jumps $13, what's next08:45
Gold: Bullish in Real Terms, Bearish in Nominal Terms08:38
The Market Oracle - The Market Oracle
Currency Wars Detonate; Gold Refuses to Budge08:38
The Market Oracle - The Market Oracle
Gold rises but suffers biggest weekly fall this month08:33
Proactive Investors (UK)
Royal Gold, Inc USA) Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:RGLD)08:28
Ticker Report - Banking
Wishbone Gold Plc : Wishbone Gold Plc: Interim Results for the Six ...08:10
InvestEgate (Company Announcements) - Trade
Gold spikes 1%, short covering or fresh longs?08:00
Gold Prices Higher But Fed Rate Increase Prospects Cap Gains07:54
Nasdaq - Global Markets
Gold Surges On NIRP Hint07:47
Zero Hedge
August Gold Delivery Update07:46
Currency wars detonate; Gold refuses to budge07:26
Gold recovers slightly, silver surges on speculative buying07:26
The Economic Times - Commodities
Gold rises, shrugs off dollar and equities rally07:08
Gold: Bullish in Real Terms, Bearish in Nominal Terms07:06
4 to 6 hours old
www.usagold.com --LIVE NEWS--
Gold tries to snap 4-day losing streak, but weekly loss looms06:56
MarketWatch - Markets
Einstein, Physics, Gold and The Formula To End Economic Decay06:56
Gold eyes biggest weekly drop in five on US data, Fed hike view06:40
Business Recorder, Pakistan
Gold eyes biggest weekly drop in five on US data, Fed hike view06:26
The Economic Times
Gold falls on US data06:17
IOL - Business
Gold price closes up in Hong Kong05:56
Global Times - Biz
Apple's new 'rose gold' color option for iPhone 6S05:28
The Economic Times - Infotech
Gold, silver recover on jewellers buying, global cues05:25
The Financial Express
Gold prices lift modestly05:19
Business Spectator - Markets
The Weekend Read: Why a Fed rate hike could be good for gold05:17
Mineweb - Analysis
Gold eyes biggest weekly drop in five on US data, Fed hike view05:14
Business Day - Markets
Gold Still Acts as a Safe Haven05:05
FXstreet - Latest Analysis
6 to 8 hours old
www.usagold.com --LIVE NEWS--
Gold, silver recover on jewellers buying, global cues04:47
The Asian Age - Business
Gold Analysis: Support at 1124.10/1117.30, resistance at 1139.60/1146.6004:34
FXstreet - Latest Analysis
Gold, August 28,201504:30
Investing.com - Commodities
Gold, silver recover on jewellers buying, global cues04:27
The Economic Times - Market
Gold should form part of every portfolio from a risk reduction perspective04:25
India Info Line
LAWRIE WILLIAMS: Gold’s 2015 performance far better than generally believed04:25
Sharps Pixley
Gold extends the recovery near $ 1126, US data eyed04:19
Gold, silver recover on jewellers buying, global cues04:14
The Statesman - Business
Today's Market View Including Beowulf Mining, Bacanora Minerals and Nord Gold04:11
Proactive Investors (UK)
Gold up in futures trade on global cues04:07
The Asian Age - Business
Gold, silver recover on jewellers buying, global cues04:05
The Times of India - International Business

Gold Consolidates Near Midpoint of Recent Range Amid Mixed Queues

by Peter A. Grant

August 27, AM
(from USAGOLD.com) --

Gold is consolidating near the midpoint of the recent range. The safe-haven bid has softened somewhat in the last two sessions as stocks rebound from the massive rout earlier in the week. A stronger dollar is also conspiring to limit the yellow metal's upside somewhat.

Despite its sizable rebound, the DJIA remains below the halfway-back point of its steep plunge from the record high set back in May. Considerable doubts remain as to whether the recent drop was a mere correction in the long-term uptrend, or a rotation into a bear market.

One thing most investors seem to agree on is that higher than normal equity market volatility is likely to persist for some time to come. In fact, uncertainty about the Fed's next move is likely contributing greatly to this situation.

The Chinese certainly seem to think so. A PBoC official said today that the yuan devaluation should not be made a scapegoat for the global market rout.
"China's exchange rate reform had nothing to do with the global stock market volatility, it was mainly due to the upcoming U.S. Federal Reserve monetary policy move." — Yao Yudong, Head of PBoC's Research Institute of Finance and Banking
"We were wronged," Yao added. But then he politely asked the Fed to take the rest of the world into consideration and defer lift-off to some future date.
"So we hope the Federal Reserve could further delay its interest rate rise, giving emerging markets ample time to prepare. The Fed should not only consider the U.S. economy, but should also consider the global economy which is very fragile." — Yao Yudong
KC Fed hawk Esther George acknowledged in an interview that recent market volatility "complicates" any decision to raise rates. She also agreed with the PBoC, that rate hike expectations may indeed be contributing to market volatility. "I think [Fed policy] has an influence on it," said Ms. George.

George also thinks that volatility is likely to persist, along with disinflationary pressures, for sometime to come. That last part is salient, as a rate hike would in fact probably exacerbate those disinflationary pressures. That of course is counter to the price stability mandate and the expressed goal of generating 2% inflation.

In recent writings on this page, we have suggested that the stock market rout was more a function of mounting growth risks and the disinflationary pressures now echoed by Ms. George. While U.S. Q2 GDP was revised up by more than expected, risks of a global disinflationary depression remain.

China is still widely expected to miss its 2015 growth objective of 7%. Japan contracted in Q2. Europe is tenuously clinging to very modestly positive growth numbers, but even Germany — the shining-star of Europe — posted just 0.4% growth in Q2. While today's U.S. revision was a beat, that's coming off +0.6% in Q1 and looking ahead to a Atlanta Fed GDPNow forecast for Q3 of 1.4%.

The message here is that proper portfolio diversification is probably more important than ever at this particular juncture. Given the recent price action in gold, laying in some insurance in the form of physical metal, is still cheap.

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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