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Live London Gold News Wire
NEW in the last 5 minutes
www.usagold.com --LIVE NEWS--
Gold, silver decide to keep a low profile00:52
The Economic Times
5 to 10 minutes old
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Gold labours under firm dollar as currency remains close to one-year high00:45
Financial Mail - Markets
Earlier Today
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Saturn Metals accelerates drilling at Apollo Hill Gold Project00:11
Proactive Investors (Hong Kong)
Kin Mining's substantial shareholder demonstrates support for gold strategy00:11
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30 minutes to 1 hour old
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Gold slips for 6th straight session23:56
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EganStreet Resources’ feasibility study confirms high-margin gold mine plan for Rothsay23:45
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Crude Oil Prices May Suffer as Gold Gains Amid Risk Aversion23:16
Nasdaq - Global Markets
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Gold prices slip for sixth session as dollar trades near 1-year high22:57
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Mubasher.Info
Silver Lake hits gold target21:25
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Gold keeps the red amid Yuan slide21:14
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Rumble Resources completes drilling for high-grade gold at Nemesis21:04
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4 to 6 hours old
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Russian Warship "Carrying $133 Billion In Gold" Discovered Off South Korea20:44
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Gold slips for 6th session as dollar firms20:43
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NEVER BEFORE SEEN CHARTS: Gold Mining Industry’s Costs Are Higher Than Market Realizes20:34
GoldSeek.com
Tyranna Resources lifts stake in Jumbuck and plans next gold exploration20:13
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John Paulson pushes to overhaul gold mining firm's board19:44
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Summer Lull Is Lowering The Floor In Gold Prices — Standard Chartered19:13
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Gold eases18:31
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Kin Mining's substantial shareholder demonstrates support for gold strategy18:23
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Why BNP Paribas Cut Its Gold Price Forecast18:16
Bloomberg - Europe
Macadamia nuts: Chipinge’s gold mine18:07
Manica Post - Business
Gold hits one-year low on talk of more US rate raises17:52
The West Australian - Mining
Bitcoin could take a major chunk of change from gold, crypto expert says17:11
CNBC - US
Yesterday
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Gold prices dip to one-year low16:53
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S&P 500 And Gold: Breaking The Big Picture Into Smaller Frames Is A Must And A FAANG Too16:41
Seeking Alpha - ETFs & Portfolio Strategy
Free Falling Gold16:31
Kitco - Hawaii Six O - Gary Wagner
Gold demand to be positive in second half of 2018, says WGC report15:20
The Business Standard - Economy-Policy
Sanctions-hit Venezuela refining gold in Turkey15:07
Daily Sabah - Business
Gold Seeker Closing Report: Gold and Silver Fall with Stocks14:32
GoldSeek.com
Nevada Gold & Casinos to Report Fourth Quarter and Year End Financial Results on July 26, 201814:23
DirectorsTalk Interviews
Gold headed for H2 rebound on tariff headwinds - report14:21
Business News Americas - Mining
Why Investors Should Be Looking at Gold ETFs14:09
Nasdaq - Global Markets
Now Is A Good Entry Level For Gold: World Gold Council14:00
Kitco - News Bites
Gold Prices Eye July 2017-Low as RSI Pushes Into Overbought Territory13:40
Daily FX
Gold Looks Good As Recession Fears Grow – State Street Global Advisors13:09
Kitco - Interviews
Is This Beaten-Down Gold Miner Poised to Bounce Back?13:01
The Motley Fool (Canada)
Futures Now: Gold sinks into correction12:38
CNBC - Latest Video
Metal Prices Rocked by Trade-War Fears; Gold Prices Off Lows as Dollar Drops12:33
Investing.com - Commodities
Gold Trims Losses As Dollar Pares Gains After Trump Remarks On Rate Hike12:31
London South East
If bitcoin becomes digital gold, its market cap could more than triple, crypto analyst says12:08
CNBC - Latest Video
Gold's at its lowest levels in over a year11:58
CNBC - Latest Video
Don’t Get Too Bullish on Gold11:51
The Market Oracle - The Market Oracle
Gold Market Signal vs. Noise11:51
The Market Oracle - The Market Oracle

by Michael J. Kosares

NOTE: Summer schedule. Posting will be Intermittent. Thank you.

Update Thursday–Gold drops sharply on weak yuan fix

(USAGOLD – Thursday, July 19, 2018) –

Yesterday in Myra Saefong's MarketWatch afternoon gold market update:

"I do not believe that the trade wars at present are the dominant issue for gold and the dollar,” Michael Kosares, founder of gold broker USAGOLD, told MarketWatch. “Both, I believe, are still caught up in a syndrome dictated by dovish interest-rate policy across both oceans, while the U.S. continues to raise rates. That could all change in a heartbeat, though, if the inflation rate begins to run consistently higher than interest rates.”

This morning reports have surfaced that China's central bank is aggressively pursuing its own version of a quantitative easing program. (Read here) Simultaneously it fixed the yuan top-shelf exchange rate lower signalling it was interested in a weaker yuan against the dollar and other currencies. The combination sent gold reeling overnight in Asian markets – down $14 at one point. Gold has staged a minor recovery in early U.S. trading and is now down $10 at $1217. Increasingly, currency traders are suggesting that the Fed may be forced to act. In an editorial this morning, the Financial Times warns "The U.S. central bank must be prepared to halt or reverse rates. . . if financial stability is threatened."

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USAGOLD ranks among the most reputable gold companies in the United States with several thousand clients and multi-millions in annual revenue. Founded in the 1970s and still family-owned, we are one of the oldest and most respected names in the gold industry. Our unblemished, zero-complaints record and solid reviews with the Better Business Bureau testify to the exceptional customer service and professional excellence which sets us apart from the competition.

USAGOLD specializes in gold and silver coins and bullion delivered to our client's safekeeping. For over 45 years, we have resolutely advocated owning precious metals for asset preservation purposes rather than speculation. Admittedly, this philosophy does not resonate with all prospective gold and silver owners, but if it does with you, we think you will find our firm a kindred spirit.

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___________________________________________________________________________________

mk

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.

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1:02 am Fri. July 20, 2018

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Disclaimer - Opinions expressed 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 the accuracy, timeliness or completeness of the information found here. (Please see our Risk Disclosure here.) 

 

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