{"id":25220,"date":"2012-04-20T06:38:00","date_gmt":"2012-04-20T06:38:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-remain-steady-as-u-s-data-and-euro-zone-concerns-put-off-investors-silver-prices-flat\/25219\/"},"modified":"2012-04-20T06:38:00","modified_gmt":"2012-04-20T06:38:00","slug":"gold-prices-remain-steady-as-u-s-data-and-euro-zone-concerns-put-off-investors-silver-prices-flat","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-prices-remain-steady-as-u-s-data-and-euro-zone-concerns-put-off-investors-silver-prices-flat\/25220\/","title":{"rendered":"Gold Prices Remain Steady as U.S Data and Euro-Zone Concerns Put Off Investors; Silver Prices Flat"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><!--Ad Injection mfunc mode ad include code--><!--mfunc include_once('\/mnt\/Target01\/327806\/www.thestockmarketwatch.com\/web\/content\/stock-market-news\/wp-content\/plugins\/ad-injection\/adshow.php') --><!--\/mfunc--><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">Gold prices<\/a> remained flat as growing worries over euro-zone debt financing along with disappointing U.S. economic data turned off investors from the bullion market. Meanwhile, <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">silver prices<\/a> have remained flat.<\/p>\n<p><span id=\"more-25220\"><\/span><\/p>\n<p>While <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">Spot gold<\/a>\u00a0edged up slightly by 0.1 percent to $1,644.15 an ounce by 0327 GMT, heading towards 0.9-percent weekly fall, U.S. <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold<\/a><strong>\u00a0<\/strong>climbed up 0.2 percent to $1,645.10.<\/p>\n<p><!--Ad Injection mfunc mode ad code--><!--mfunc adshow_display_ad_file_v2(array('ad_random_1.txt'), array(100), array('align' => 'float right', 'clear' => '', 'margin_top' => '', 'margin_bottom' => '', 'padding_top' => '', 'padding_bottom' => ''), array(), array()) --><\/p>\n<div style=\"float:right;margin-left:5px;\"><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - in News 300 *\/\ngoogle_ad_slot = \"5684630733\";\ngoogle_ad_width = 300;\ngoogle_ad_height = 250;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/div>\n<p><!--\/mfunc--><\/p>\n<p>Surprisingly weak demand for physical <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold<\/a> has also weighed on metal\u2019s price. The demand for <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> from India- world\u2019s biggest importer- remains sluggish even as a gold buying festival \u2018Akshaya Tritya\u2019 approaches next week.<\/p>\n<p>According to Reuters market analyst, Wang Tao, technical analysis suggest that the metal could well fall as low as $1,611.80 an ounce, during the day.<\/p>\n<p>The debt crisis in the euro-zone has once again unnerved market participants. Although economists believe that both Italy and Spain will not require any international bailouts; concerns still prevail among investors as yields on long term and short term <a href=\"https:\/\/thestockmarketwatch.com\/markets\/bonds\/today.aspx\">bonds<\/a> shoot up in Spain, this week.<\/p>\n<p>The bullion has lost more than 1% this month. The yellow metal has acted more as commodity rather than a safe haven instrument, moving in tandem with equities and other <a href=\"https:\/\/thestockmarketwatch.com\/markets\/commodities\/today.aspx\">commodities<\/a>. This is stark contrast to first quarter, when gold rallied following strings of positive economic data along with hopes of further monetary easing by the central bank.<\/p>\n<p>Commenting over this matter, Peter Tse, director at ScotiaMocatta in Hong Kong, said to CNBC, \u201cGold lacks its own momentum to move anywhere, and we are waiting for the next major U.S. data, or a major development in Europe\u201d.<\/p>\n<p>Gold investors will keep a close eye on the Federal Open Market Committee meeting next Tuesday and Wednesday during which the\u00a0Federal Reserve<strong> <\/strong>is expected to adopt a wait and watch approach towards easing monetary policy, even though the downbeat economic data has kept hopes alive for another round of\u00a0quantitative easing<strong>. <\/strong><\/p>\n<p>Meanwhile, <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">silver prices<\/a> stood mostly unchanged at $31.74 an ounce, heading towards 0.9% weekly gains. \u00a0<a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">Silver<\/a> prices gained yesterday as a survey conducted by Thomson Reuters showed that <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">silver<\/a> fabrication would rise up 3 to 5 percent this year as end users replenish stock.<\/p>\n<p>In early trading, the iShares <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> Trust (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=SLV\">NYSE: SLV<\/a>) is down 0.10%, the ProShares Ultra Silver (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=AGQ\">NYSE: AGQ<\/a>) is down 0.15% to $52.09, and the ProShares UltraShort Silver (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nyse\/today.aspx\">NYSE<\/a>: ZSL) is down 0.09% to $10.90.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/why-i-think-gluu-can-climb-67-from-here\/25323\"><br \/>\nWhy I think GLUU can climb 67% from here.<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-marginally-higher-silver-prices-in-red\/25282\"><br \/>\nGold Prices Marginally Higher; Silver Prices in Red<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-headed-for-a-strong-finish-20\/25280\"><br \/>\nStocks Headed for a Strong Finish<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-extend-gains-as-investors-digest-latest-earnings-reports\/25278\"><br \/>\nStocks Extend Gains as Investors Digest Latest Earnings Reports<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/roadrunner-transportation-systems-rrts-announces-acquisition-of-de-transport\/25235\"><br \/>\nRoadrunner Transportation Systems &#8211; RRTS &#8211; Announces Acquisition of D&amp;E Transport<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/medical-action-industries-mdci-announces-plan-to-realign-into-strategic-business-units\/25234\"><br \/>\nMedical Action Industries &#8211; MDCI &#8211; Announces Plan to Realign into Strategic Business Units<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/wolverine-worldwide-www-and-forus-formation-of-a-new-joint-venture-lifestyle-brands-of-colombia\/25233\"><br \/>\nWolverine Worldwide (WWW) and Forus &#8211; Formation of a new joint venture, Lifestyle Brands of Colombia<\/a><\/li>\n<\/ul>\n<hr>\n<table style=\"border:none;margin:0;\">\n<tr>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/2024\/08\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n<div style=\"font-size:10pt;\">\n<p>Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/p><\/div>\n<\/td>\n<\/tr>\n<\/table>\n<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices remained flat as growing worries over euro-zone debt financing along with disappointing U.S. economic data turned off investors [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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