{"id":26414,"date":"2012-05-04T07:58:00","date_gmt":"2012-05-04T07:58:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-and-silver-prices-edge-lower-5\/26404\/"},"modified":"2012-05-04T07:58:00","modified_gmt":"2012-05-04T07:58:00","slug":"gold-and-silver-prices-edge-lower-5","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-and-silver-prices-edge-lower-5\/26414\/","title":{"rendered":"Gold and Silver Prices Edge Lower"},"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> continue to fall on Friday, heading towards its lowest level in last four weeks as investors\u2019 tread with caution ahead of all important non-farms jobs data for April, hoping any weakness in the numbers might prompt the Federal Reserve to provide some kind of quantitative easing. Meanwhile, <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">silver prices<\/a> have also edged lower.<\/p>\n<p><span id=\"more-26414\"><\/span><\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">Gold<\/a> investors are expecting that if the non-farm job data turns out to weaker than expected, fed could take some monetary easing measures, weakening the dollar and boosting <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold prices<\/a>.<\/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>U.S. dollar and <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold<\/a> prices have an inverse relationship. As most <a href=\"https:\/\/thestockmarketwatch.com\/markets\/commodities\/today.aspx\">commodities<\/a>, including <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> are traded in dollars in international markets, any weakness in the U.S. unit makes its cheaper to buy gold for those traders who deal in other currencies.<\/p>\n<p>On Thursday, the ECB meeting on rate decision provided no hints on possible quantitative easing measures like bond buying even as it kept the benchmark interest rate unchanged at 1%.<\/p>\n<p>At last check, U.S. gold lost 0.29%, at $1,630 an ounce.<\/p>\n<p>In a note to investors, INTL FC Stone analyst Edward Meir wrote \u201cUntil all three regions (U.S., euro-zone and China) see a definitive tilt towards more easing, gold will likely remain confined in an uneventful trading range for a little while longer.\u201d<\/p>\n<p>The metal has traded on a very tight monthly spread, hovering between $1630 and $1,670 an ounce. Commenting over metal\u2019s failure to cross the range, Lee Cheong, a gold dealer in Hong Kong, said to Reuters, \u201cWhether or not the data is going to be bad, the market is still in a range trade. The upside is a bit limited for a little while. Nobody wants to enter the market\u201d.<\/p>\n<p>Meanwhile the sluggish physical demand for gold, especially from world\u2019s biggest importer-India, continues to concern the market.<\/p>\n<p>&#8220;We have to see physical buying coming back before gold can stabilize. Otherwise, we can test $1,625 again. We don&#8217;t know when the Indians will come back\u201d, said Lee Cheong.<\/p>\n<p>The Indian rupee hit its four mont-low against the dollar, thereby making imports more expensive. Besides, poor consumer sentiment amid economic slowdown and high rate of inflation also curtailed the demand for gold.<\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">Silver<\/a> <a href=\"https:\/\/thestockmarketwatch.com\/markets\/commodities\/today.aspx\">futures<\/a> are currently down 0.17% to $29.96 an ounce.<\/p>\n<p>In <a href=\"https:\/\/stockmarketwatch.com\/markets\/pre-market\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a> in New York, the iShares <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">Silver<\/a> Trust (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=SLV\">NYSE: SLV<\/a>) is down 0.82% to $29.05, the ProShares Ultra <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=AGQ\">NYSE: AGQ<\/a>) is down 1.36% to $46.40, and the ProShares UltraShort Silver (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nyse\/today.aspx\">NYSE<\/a>: ZSL) is up 2.10% to $12.15.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-headed-for-a-sharply-lower-finish-6\/26642\"><br \/>\nStocks Headed for a Sharply Lower Finish<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-extends-losses-as-euro-zone-concerns-shake-market-sentiment\/26636\"><br \/>\nStocks Extends losses as Euro-zone Concerns Shake Market Sentiment<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/statoil-sto-production-grew-by-11\/26625\"><br \/>\nStatoil &#8211; STO &#8211; Production grew by 11%<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/quality-distribution-qlty-pleased-with-the-companys-growth-in-earnings-this-quarter\/26624\"><br \/>\nQuality Distribution &#8211; QLTY &#8211; Pleased with the Company&#8217;s growth in earnings this quarter<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/guidewire-software-gwre-mitsui-direct-general-insurance-has-selected-gwre-as-its-new-claims-management-system\/26623\"><br \/>\nGuidewire Software &#8211; GWRE &#8211; Mitsui Direct General Insurance has selected GWRE as its new claims management system<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/calamos-asset-management-clms-aum-for-the-quarter-increased-10-to-36-2-billion\/26622\"><br \/>\nCalamos Asset Management &#8211; CLMS &#8211; AUM for the quarter increased 10% to $36.2 billion<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/carmike-cinemas-ckec-record-first-quarter-financial-results-in-many-key-metrics\/26621\"><br \/>\nCarmike Cinemas &#8211; CKEC &#8211; Record first quarter financial results in many key metrics<\/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 continue to fall on Friday, heading towards its lowest level in last four weeks as investors\u2019 tread with [&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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