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Coins & bullion since 1973


Daily Gold Market Report
gold prices

Live London Gold News Wire
5 to 10 minutes old
www.usagold.com --LIVE NEWS--
Gold prices stay weak on global cues, muted demand02:38
10 to 15 minutes old
www.usagold.com --LIVE NEWS--
Gold falls to Rs 30,450; silver drops by Rs 200/kg02:34
The Hindu Business Line - News
Gold stays weak on global cues, muted demand02:33
The Economic Times
15 to 30 minutes old
www.usagold.com --LIVE NEWS--
Gold stays weak on global cues, muted demand02:25
The Hindu - Business
1 to 2 hours old
www.usagold.com --LIVE NEWS--
Gold continues its losing streak for second straight week01:18
The Asian Age - Business
NBF structures Shari’a-compliant bullion financing solution for Malabar Gold01:03
Emirates News Agency - Business
Earlier Today
www.usagold.com --LIVE NEWS--
Govt incentives digital purchase of gold bonds00:36
AniNews.in - Business
Next Sovereign Gold Bond issue price fixed at Rs 2,961 per gram00:06
The Economic Times - Bonds
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Myopic gold CEOs get a tongue-lashing from Randgold Resources' Bristow23:14
Business Times Online - Energy & Commodities
4 to 6 hours old
www.usagold.com --LIVE NEWS--
Fino Bank targets Rs 1,500 crore of gold loan portfolio22:43
The Times of India - Stocks
Govt fixes Sovereign Gold Bond rate at Rs 2,961 per gram22:27
The Asian Age - Business
Flows Show Gold ETFs Are Riding the 'Wall of Worry'22:24
Bloomberg - Industries
www.usagold.com --LIVE NEWS--
Gold rekindles appeal for asset managers as trading, ETFs rise17:32
Business Times Online - Energy & Commodities
Gold’s Most Controlled Range in a Decade Faces Dollar, Risk and Bitcoin15:11
Daily FX
A 'Major' Gold Rally Is Coming, Thanks To The Fed - Jim Rickards14:43
Kitco - News Bites
Gold’s 47-Year Bull Market14:21
Gold ETFs Gain After FOMC Minutes13:56
Nasdaq - Global Markets
Gold Rally Cools, Not Its Bubble13:32
Financial Tribune - Business & Markets
No end in sight as Torex Gold blockade enters fourth week13:13
Business News Americas - Metals
US trial of gold trader sparks concern, anger in Turkey13:03
Daily Times - Business
Taxes, Macro Signals, Seasonality, US Stocks And Gold Miners12:40
Bitcoin: The 'Gateway Drug' To Gold - Doug Casey12:33
Kitco - News Bites
Cryptos Are Taking Over Markets But Not Gold - Frank Holmes11:53
Kitco - News Bites
Gold Seeker Weekly Wrap-Up: Gold and Silver Close with Modest Losses but Miners Gain on the Week11:30
Taxes, Macro Signals, Seasonality, US Stocks and Gold Miners11:10
Gold Posts Weekly Loss10:59
London South East
December gold settles lower, books 1st weekly drop in three weeks10:46
MarketWatch - Economy and Politics
Sovereign Gold Bonds worth ₹6,400 crore issued so far, says RBI10:19
The Hindu Business Line - News
Kitco News Weekly Outlook: Watch Equity Markets To See If Gold Can Break $1.300 – Analysts10:01
Kitco - Gold Outlook
Katoro Gold PLC : Holding(s) in Company09:50
InvestEgate (Company Announcements) - Trade
Kitco News Gold Survey: Is $1,300 In The Cards? Gold Prices Seen Higher09:31
Kitco - News Bites
Walsh’s Lusk: Gold Could Face Profit-Taking Prior To End Of Month09:11
Kitco - News Bites
Gold’s 47-Year Bull Market08:39
Osisko Mining, Canadian junior team up to speed up gold exploration in Ontario08:39
Mining.com - Gold
Dollar gold price likely to head higher over next week: survey08:02
A gold fund is investing in bitcoin07:59
CNBC - Technology
Moroccan Gas Wells a Real Gold Mine for British SDX Energy07:50
Morocco World News - Business
Bitcoin Gold or Comedy Gold? Bitcoin Diamond Launches With 4.2 Bln Coins07:44
Gold weakens on global cues, muted demand07:38
The Statesman - Business
Buy Gold As Fed Shows Uncertainty And Concern Over Financial ‘Imbalances’07:28
Gold prices slide in Mumbai on global cues, muted demand07:20
Livemint.com - Money
28 Reasons to Buy Physical Gold07:09
Junior roundup: Mexican Gold, Red Eagle, Five Star, Azure, Fiore07:00
Business News Americas - Metals
Is This Gold Rally The Start Of Something Big?06:59
BIS to frame hallmark standards for 24 carat gold jewellery06:50
The Hindu - Markets
Buy Gold As Fed Shows Uncertainty And Concern Over Financial ‘Imbalances’06:49
Gold weaker below $1,290.00/oz06:41
Gold Trims Gains Ahead Of PMI06:38
London South East
Gold prices drop on Friday amid forecasts of raising US’s interest06:29
Gold, Silver Prices Weaker In Quieter Dealings06:20
Kitco - News Bites

Gold Firms Intraday, Leaving Low End of Range Protected

by Peter Grant

November 21, AM
(from USAGOLD.com) --

Gold is up modestly in U.S. trading, buoyed by a softer dollar and seemingly ignoring the sharp rise in stocks. Yesterday;s low at 1273.90 provides an additional intervening barrier ahead of the range lows in gold at 1263.00/1260.10.

FedSpeak from Yellen after the close may provide some insight into the true prospects for a December rate hike. However, the minutes from the November FOMC meeting out tomorrow will likely be more valuable in that regard.

Decent to good U.S. economic data of late, reinforces market expectations that the Fed will indeed boost the Fed funds rate by another 25 bps on December 13. Fed funds futures indicate a 91.5% probability of such a move.

UBS is predicting that the dollar will have a rough 2018, particularly against the euro. This would be a perpetuation of the trend that developed this year, where the greenback fell more than 10% against the single currency.

If the dollar has a rough year, it bodes well for another good year for gold. The yellow metal is up 11.2% YTD and as we mentioned in Friday's DMR, this is the first time in 4-years that such resiliency has been seen going into year-end.
Gold has sold off into year-end for the past 4-years, premised largely on expectations of Fed tightening (either QE tapering or actual rate hikes). This year — with another rate hike decidedly on the table — gold remains resilient. The yellow metal is a mere 4.7% off the high for the year at 1357.50.
The ECB has been talking out of both sides of its mouth in recent weeks, making rumblings about tapering and then saying it intends to keep its foot on the gas. The fact that it cut monthly asset purchases, but plans to do them for longer is reflective of these mixed signals.

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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