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Live London Gold News Wire
15 to 30 minutes old
www.usagold.com --LIVE NEWS--
Latest Gold Market Update12:42
1 to 2 hours old
www.usagold.com --LIVE NEWS--
Smugglers’ creativity goes for gold again11:49
The Economic Times - Features
2 to 4 hours old
www.usagold.com --LIVE NEWS--
Mining ASCO 2018's Gold, Part 5: There's A Lot To Look Forward To10:37
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A Debt Spiral: SchiffGold Friday Gold Wrap 05.25.1810:37
Seeking Alpha - Macro View
Gold Seeking Its Year's Low10:10
Gold Speculators Drop Bullish Bets For 2nd Week, 4 Out Of Last 5 Weeks10:10
Gold Cycle And Technical Update10:10
4 to 6 hours old
www.usagold.com --LIVE NEWS--
Russian gold producer Polyus suffers aftershocks of US sanctions08:58
Commodities Now
ET VIEW: Gold blushes from the Markle Sparkle08:16
The Economic Times - Opinion
Gold mine in Oregon “worth building”07:20
6 to 8 hours old
www.usagold.com --LIVE NEWS--
Gold / Silver / Copper Prices - Weekly Outlook: May 28 - June 106:21
Investing.com - Commodities
Gold / Silver / Copper Prices - Weekly Outlook: May 28 - June 106:21
Investing.com UK - Commodities
Gold Juniors’ Q1’18 Fundamentals: May 27, 201806:10
Investing.com - Commodities
Earlier Today
www.usagold.com --LIVE NEWS--
Gold likely to remain under pressure04:58
The Hindu Business Line - News
Gold, U.S. Stocks And Bonds04:37
Seeking Alpha - Macro View
Gold Seeking Its Year's Low02:29
Investing.com - Commodities
Samsung Electronics Galaxy Brand Commercial Wins Thirteen Awards, Including Seven Gold Pencils at the One Club Awards02:18
Al Bawaba - Goods and Services
Fresh faces in the running for 2018 Gold Logie01:45
ABC Online
Gold Speculators Drop Bullish Bets For 2nd Week, 4 Out Of Last 5 Weeks01:18
Investing.com - Commodities
Nirav Modi's brother fled with 50kg gold from Dubai safe house: Report01:17
Business Today - Corporate
www.usagold.com --LIVE NEWS--
The Direction of Gold and Silver Prices for the Next Three Months22:26
Gold Silver Worlds
As Russia's Gold Hoard Soars, Putin Warns "US Sanctions Hurt Trust In Dollar As Reserve Currency"18:55
Zero Hedge (Weblog)
Ron Paul: On War, Gold, & My Years In Congress18:35
Zero Hedge (Weblog)
The "Axis Of Gold" Will Drive Gold Higher by the End of 201815:14
Zero Hedge (Weblog)
Mohammed bin Salman and the gold rush of singularity13:03
Al Jazeera
Gold, US Stocks and Bonds12:22
The Market Oracle - Stock & Financial Markets
Three Drivers of Gold, Second Look11:32
The Market Oracle - The Market Oracle
Gold Junior Stocks GDXJ ETF Fundamentals11:12
The Market Oracle - The Market Oracle
Gold Price, US Stocks And Bonds10:42
Gold Price And Gold Miners Analysis10:42
Gold Back Above $1300 – Trump Cancels Historic Summit – Silver “Ready To Breakout”10:42
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There is Bulgarian "Liquid Gold" in over 2.3 Million Expensive French Perfumes06:46
Novinite - Business
Gold Juniors' Q1'18 Fundamentals04:37
Seeking Alpha - Macro View
Gold falls Rs 105 on global cues, weak demand04:21
The Asian Age - Business
Gold fall Rs 105 on global cues, fall in demand04:08
The Hindu Business Line - Markets
Gold prices fall Rs105 on global cues, weak demand03:14
Livemint.com - Money
They’re all saying bitcoin is the new gold. Here’s why they’re wrong02:09
Motley Fool (UK)
Earlier News
www.usagold.com --LIVE NEWS--
Nirav Modi's brother fled with 50kg gold jewellery: Enforcement Directorate23:45
The Economic Times - Politics and Nation
On War, Gold, and My Years in Congress18:14
Ludwig von Mises Institute - Wire
Gold, U.S. Stocks And Bonds16:34
Investing.com - Market Overview
Summer doldrums could see lower lows for gold as upside headwinds mount16:07
Mining Weekly - Americas
Rising angst around global politics doesn’t move gold like it used to15:34
MarketWatch - Markets
First Quantum Minerals withdraws from Pebble copper/gold project in Alaska15:15
ED: Nirav Modi's brother fled with 50kg gold jewellery15:14
The Times of India
Gold Seeker Weekly Wrap-Up: Gold and Silver Find Slight Gains on the Week14:19
COT Gold, Silver and US Dollar Index Report - May 25, 201813:39
Court: more study needed on Yellowstone-area gold mining13:25
Chico Enterprise-Record, California - Business
Gold Up 1% For Week Amid Trump Jabs At NK13:22
London South East
Court: more study needed on Yellowstone-area gold mining13:13
KSL.com, Utah - Business

by Michael J. Kosares

Note: We will post LATE DAY UPDATES when warranted, so check back late afternoon, early evening.

Gold steady over $1300 per ounce, JP Morgan sees gold over $1700 next year

USAGOLD, Friday 5-25-2018 –– Gold is steady to marginally higher in today's early going and holding ground it gained in yesterday's strong showing. It is now trading over the $1300 mark at $1305. Silver is even on the day at $16.65. The markets are juggling a number of issues as we move into the Memorial Day weekend with trade, emerging markets and geopolitics topping the list. JP Morgan says it would not be surprised if gold surpassed $1700 per ounce next year. Luis Oganes, JPM's head of currencies, commodity and emergency market research, says that the dollar's recent strength is temporary and catch-up recoveries in Japan and Europe will boost their currencies against the dollar. A weak durable good orders report is adding to gold's appeal this morning as it boosts the cautious Fed scenario.

Quote of the Day
"Two confrontational, nationalistic, and militaristic leaders playing chicken with each other, while the world is watching to see which one will be caught bluffing, or if there will be a hellacious war. We can also say that if ... things go badly, it would seem that gold (more than other safe haven assets like the dollar, yen, and treasuries) would benefit." – Ray Dalio, Bridgewater Securities (August, 2017)

Chart of the Day

Chart note: No one has been able to offer a clear explanation for the close correlation between gold and the yen, although a number of theories have been advanced. Of those, there are three worth passing along. The first is that both are considered safe havens and therefore purchased under the same circumstances. The second is that it is the result of the yen/dollar carry trade. When the carry trade ramps up, the yen and gold suffer. When it unwinds, the yen and gold benefit.  The third is that  it is the result of algorithmic trading that kicks in under certain preordained circumstances. The debate will go on as to which of the three is the most prominent and we will leave it our to readers to decide which, if any, offers the clearest explanation for this odd couple of finance. (By the way, the correlation holds up on the longer-term overlay as well. We will post that chart at a future date.)


"A customer of mine who is 55 years old recently asked if it was not too late for him to get into precious metals. The answer is no—it is not too late to invest in gold and make a profit at any age. Quite the contrary, with the market showing the early signs of a correction, it is, in my humble opinion, a perfect time to invest in precious metals." – Oliver Garret, Forbes

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Michael J. Kosares is the founder of USAGOLD, author of The ABCs of Gold Investing - How To Protect and Build Your Wealth with Gold (Three editions), and editor of the firm's monthly newsletter. He has also written numerous published articles and essays on the gold market.


1:14 pm Sun. May 27, 2018

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