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Gold level on the day in quiet trading

(USAGOLD – 10/17/2019) – Gold is level on the day in quiet trading at $1490. Silver is faring slightly better – up 14¢ at $17.54.  With little in the way of news this morning beyond the latest Brexit machinations (and accompanying uncertainties), the gold market seems content to remain in its present range. Brexit aside, the gold market seems to be responding most directly at this point in time to the ebb and flow of trade negotiations between the United States and China now temporarily on hold. Secondarily, though, the market has in the back of its mind the problems associated with the supply-demand mismatch in the repo market. That market’s elevated needs over the past two days point to a problem that might have deeper roots than originally believed.

Quote of the Day
“Again, the primary driver of gold isn’t the direction of the dollar but the direction of real interest rates. . . The year-over-year change in core CPI increased 2.4% in August, which was the highest level in a year. All the while the US 10-year Note yield was crashing from nearly 3% to 1.6% over the past 12 months. Therefore, real yields have been crashing as gold has been rising.” – Michael Pento, Pento Portfolio Strategies

Chart of the Day


Chart note: Since the turn of the new century, gold consistently provided a real rate of return on investment when measured against inflation. In fact, it provided a real rate of return in twelve of the nineteen years represented on the chart. The period was one of subdued inflation. Gold’s performance, as a result, took many analysts and professional money managers by surprise and altered the perception among money managers that the precious metal is solely an inflation hedge.


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Live London Gold News Wire
10 to 15 minutes old
www.usagold.com --LIVE NEWS--
Gold holds above $1,490 on weak Chinese data, Brexit prospects02:16
The Hindu Business Line - Markets
Gold dips on profit-taking, trade uncertainties cap losses02:16
Reuters.co.uk - Business & Finance
PRECIOUS-Gold dips on profit-taking, trade uncertainties cap losses02:15
Reuters.co.uk - Regulatory News
Precious Metals: Gold, silver slump in futures trade owing to sluggish demand02:15
The Times of India - Stocks
15 to 30 minutes old
www.usagold.com --LIVE NEWS--
Forget gold! When the world falls apart, I’d buy bargain dividend stocks02:07
The Motley Fool (Australia)
PRECIOUS-Gold dips on profit-taking, trade uncertainties cap losses02:05
Reuters - Funds
1 to 2 hours old
www.usagold.com --LIVE NEWS--
McEwen on track to meet yearly guidance, hits promising gold mineralisation01:21
Mining Weekly
Benchmark Discovers New Gold-Silver Zone over 500 Metres with Surface Samples Grading up to 24.2 g/t Gold and 1,425 g/t Silver01:19
DGAP
Daily Brief, Oct 18 – Everything You Need to Know About Gold01:17
FX Leaders - Gold
Gold rate today: Gold, silver trade marginally lower amid Brexit deal, poor China macro data01:16
The Economic Times - Market
After a gap of nine months, gold ETFs witness inflows00:56
The Economic Times - Personal Finance/ Savings
St Barbara slumps on fresh gold downgrade00:34
Australian Financial Review - Work and Careers
Earlier Today
www.usagold.com --LIVE NEWS--
Gold price up in Azerbaijan on Oct. 1800:23
Trend News Agency - Business
Weak Chinese data supports gold00:21
Financial Mail - Markets
Gold holds above $1,490 on weak Chinese data, Brexit prospects00:15
Reuters - Business
17th October, 2019: Scrap Gold, Silver and Platinum Prices Unchanged on Index00:06
Scrap Monster
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Gold Trades Under $1,500, but Remains Supported Over Weak China GDP, Brexit Deal Uncertainties23:36
FX Leaders - Gold
Gold Prices Fall as Traders Weigh Brexit, China GDP and Sino-U.S. Trade Talks23:16
Investing.com - Commodities
Gold holds above $1,490 on weak Chinese data, Brexit prospects22:34
Reuters.co.uk - Business & Finance
Bardoc Gold expands resource and begins pre-feasibility study during productive September quarter22:33
Proactive Investors (Australia)
4 to 6 hours old
www.usagold.com --LIVE NEWS--
For some hemp farmers banking on a ‘pot of gold’, harvest is a ‘disappointing learning experience’22:09
VTDigger - Business
Gold prices remain steady as UK & EU agree on new Brexit deal21:38
India Info Line
Gold steady as Brexit deal lifts stocks, pressures dollar21:06
The Economic Times - Market
6 to 8 hours old
www.usagold.com --LIVE NEWS--
Barkerville discovers new Cariboo gold zone20:15
Commodities
PRECIOUS-Gold steady as Brexit deal lifts stocks, pressures dollar19:54
Reuters.co.uk - Regulatory News
Gold steady as Brexit deal lifts stocks, pressures dollar19:34
Reuters - Business
Barclays launches its first zero-fee gold investment product19:26
Shanghai Metals Market - Translation
Gold technical analysis: 200-bar SMA, six-week-old trendline exert downside pressure19:05
FXstreet
Here’s why gold is becoming a hot investment19:05
The Motley Fool (Australia)
Gold up Rs400/tola18:55
The News International - Business
Barrick gold annual gold production is expected to achieve the target upper limit Q3 copper production month-on-month increase18:46
Shanghai Metals Market - Translation
Gold's Currency Component Finally Strengthens18:41
Seeking Alpha - Macro View
Yesterday
www.usagold.com --LIVE NEWS--
History knocks at the door again? Strategist: the current adjustment for gold this year, different from 2016, is just a "little bumpy."18:26
Shanghai Metals Market - Translation
Venezuela to give gold projects to finance regions18:25
Commodities
Spot gold stays stable and the focus shifts to trade negotiations18:06
Shanghai Metals Market - Translation
Focus on EU Summit risk aversion to boost Gold and Silver18:06
Shanghai Metals Market - Translation
Fiore Gold FY production up despite slow Q417:31
Kitco - News Bites
Temptations in Gold - Video Technical Analysis17:04
FXstreet - Latest Analysis
Gold price gains Rs400 per tola16:30
The Nation - Business
B2Gold: I See An Upside Of 20%-30% In The Stock Price16:30
Seeking Alpha - Investment Ideas
Great Boulder Resources completes capital raising, gold drilling next week16:20
Proactive Investors (Australia)
Brexit Deal and Turkey-Syria Truce Limits Gains in Gold16:20
Kitco - News Bites
Gold rises as growth concerns resurface16:04
Business News
Gold rises as growth concerns resurface; palladium surges15:54
Business Recorder, Pakistan
Sanankoro progress augurs well for Cora Gold15:36
Mining Journal
Shanta Gold posts favourable results ahead of new resources15:34
Commodities
Gold needs more velocity, but from where?15:20
Kitco - News Bites
Gold Edges up as Geopolitics Take Control of Trade14:03
Investing.com UK - Commodities
Gold Edges up as Geopolitics Take Control of Trade13:45
Investing.com - Commodities
2019 gold rally appears more resilient thanks to 2016 – VanEck’s Joe Foster13:39
Kitco - News Bites