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Daily Gold Market Report
gold prices

Live London Gold News Wire
5 to 10 minutes old
www.usagold.com --LIVE NEWS--
PRECIOUS-Gold prices hold steady, focus shifts to Fed meeting outcome22:25
Reuters - India
30 minutes to 1 hour old
www.usagold.com --LIVE NEWS--
Ron Paul Says He Was "Surprised" His Followers Prefer Bitcoin To Gold21:44
Zero Hedge (Weblog)
Why Gold prices usually fall in December?21:44
Scrap Register - Metal News
1 to 2 hours old
www.usagold.com --LIVE NEWS--
Gold Fields staff cut for contractor in Ghana21:34
Financial Mail - Companies
Crater Gold Mining plans test work after completing drill program at graphite project21:16
Proactive Investors (Hong Kong)
Pantoro bringing in new ore sorter to facilitate expansion of gold production21:16
Proactive Investors (Hong Kong)
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Gold prices usually fall in December20:33
Scrap Register - Metal News
Gold prices nearly flat ahead of Fed meeting outcome20:06
The Economic Times - Market
Little Falls woman with ‘heart of gold’ claims $1M Powerball19:23
St. Paul Pioneer Press, Minnesota - Business
4 to 6 hours old
www.usagold.com --LIVE NEWS--
PRECIOUS-Gold prices nearly flat ahead of Fed meeting outcome18:24
Reuters - India
Crater Gold Mining plans test work after completing drill program at graphite project18:24
Proactive Investors (Australia)
Pantoro bringing in new ore sorter to facilitate expansion of gold production18:04
Proactive Investors (Australia)
Gold price sustains value17:54
Daily Times - Business
Traders: Gold-D limited by process16:53
Bangkok Post - Business
6 to 8 hours old
www.usagold.com --LIVE NEWS--
Could 78% Be A Golden Number For Gold?16:12
Kitco - Hawaii Six O - Gary Wagner
Predictive Discovery drilling for gold in Burkina Faso16:03
Proactive Investors (Australia)
Gold falls to 5mth low ahead of Fed meet15:12
Business News
Gold plummets to lowest level since July at $123615:02
A Gold Guy's View Of Crypto, Bitcoin, And Blockchain15:00
Zero Hedge (Weblog)
Earlier Today
www.usagold.com --LIVE NEWS--
MCX seeks Sebi nod for schemes to boost gold options volume14:30
The Business Standard - Markets
Gold Seeker Closing Report: Gold and Silver Trade Mixed With Stocks14:21
Revelo Completes Geological Review of its Montezuma Copper-Gold Project & Defines Priority Targets14:15
Pershing Gold pushing towards production at Relief Canyon, Nevada14:02
Proactive Investors (USA & Canada)
New York Fed Inflation Gauge and Gold13:21
The Market Oracle - The Market Oracle
Can Iron Mountain Find Gold?13:00
Barron's Online - Asia
Buy Gold, Silver Time After Speculators Reduce Longs and Banks Reduce Shorts to Continue?12:51
The Market Oracle - The Market Oracle
A Flatter Yield Curve Won’t Help Gold – Capital Economics12:50
Kitco - Focus
COMMODITY CLOSE: Gold Ends at Nearly 6-Month Low Ahead of Expected Fed Rate Hike12:33
Nasdaq - Global Markets
Now, PhonePe joins hands with SafeGold for digital gold product12:32
The Economic Times - SMB
Gold And Cryptos Destroy Fiat12:19
Gold Fields Ghana to lay off 1 500 workers12:19
Buenaventura files environmental declaration for gold project12:11
Business News Americas - Metals
Gold's 1975 Warning on Bitcoin Futures12:05
Bullion Vault
Why Golden Globes Nominations Are Enough to Make Netflix a Winner11:49
Barron's Online - Asia
New York Fed Inflation Gauge and Gold11:41
FXstreet - Latest Analysis
Gold, Silver Fall To 5-Mo. Lows On Bearish Outside Mkts11:40
Kitco - News Bites
Gold In A Rut As Inflation Picks Up11:40
London South East
Performance of Iran’s gold & currency markets on Dec. 1211:39
Trend News Agency - Business
Bitcoin bear Peter Boockvar says it's about to crash, buy gold instead11:38
CNBC - Latest Video
Will Gold and Diamonds Rival Bitcoin in Tokenized Economy?11:31
The Market Oracle - The Market Oracle
Gold And Cryptos Destroy Fiat11:20
Support seen at $1,240 for Gold, then $1,210 to $1,20010:18
Scrap Register - Metal News
How a spot gold exchange will lead to transparency in pricing10:15
The Hindu Business Line - Markets
New York Fed Inflation Gauge and Gold10:13
It's Time To Buy Junior Gold Miners Again10:10
Seeking Alpha - Investment Ideas
Gold extends drop ahead of US CPI, FOMC09:40
FXstreet - Latest Analysis
Gold Down But Not Out; Analysts Seek Buying Opportunities09:29
Kitco - Focus
Pershing Gold set to bring in over US$13mln to advance Relief Canyon project09:20
Proactive Investors (USA & Canada)
Gold: Isn’t the Whole Idea to Buy Low and Sell High?09:17
Zero Hedge (Weblog)
Bitcoin Isn't Sapping Demand for Gold, Says Goldman Sachs Exec08:40

Gold Weighed As Fed Meets and Dollar Rises

by Peter Grant

December 12, AM
(from USAGOLD.com) --

Gold's annual slide ahead of the December FOMC decision continues, with a new 5-month low established at 1235.90. The dollar index has edged to a new 4-week high in anticipation of a rate hike tomorrow and perhaps more hawkish guidance for 2018.

However, there is another camp that believes weak wage growth and inflation continue to warrant a note of caution on the part of the Fed. These were the precise reasons the central bank opted to pause the tightening cycle back in September, and neither condition has materially improved in the intervening months.

Before the policy statement is released, the market will get a look at November CPI. While an uptick in the annualized pace of headline consumer inflation is anticipated, core inflation is expected to remain stagnant.

Congressional Republicans are reportedly closing in on a reconciled tax bill. There's very little margin for error here, as the Republicans can't really afford to lose more than one vote in the Senate.

One thing seems certain, the legislation will add $1.5 trillion to the debt over the next decade, the maximum allowed. It will likely be quite a bit more, especially if the long-overdue recession strikes at some point during the next 10-years.

Then Congress only has until December 22 to pass a budget and raise or suspend the debt ceiling. Or of course, they could always kick the can again.

Which brings us full-circle back to the Fed. Rising debt and tighter policy — via higher rates and so-called "normilization" of the Fed's balance sheet — creates a significant headwind for growth. The Fed could end up triggering that overdue recession.

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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