{"id":26434,"date":"2012-05-04T11:17:00","date_gmt":"2012-05-04T11:17:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-in-green-silver-prices-sharply-lower\/26415\/"},"modified":"2012-05-04T11:17:00","modified_gmt":"2012-05-04T11:17:00","slug":"gold-prices-in-green-silver-prices-sharply-lower","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-prices-in-green-silver-prices-sharply-lower\/26434\/","title":{"rendered":"Gold Prices in Green; Silver Prices Sharply 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> swung back to positive territory, touching session\u2019s high at $1,640 an ounce as weaker than expected data on U.S. non-farms jobs for April weighed on dollar, boosting <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold<\/a>\u2019s price even as expectations of possible quantitative measures from Fed extended metal\u2019s gains. Meanwhile, <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">silver prices<\/a> are sharply lower in trading currently.<\/p>\n<p><span id=\"more-26434\"><\/span><\/p>\n<p>At last check, U.S <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold<\/a> <a href=\"https:\/\/thestockmarketwatch.com\/markets\/commodities\/today.aspx\">futures<\/a> were gaining 0.54%, at $1643.70 an ounce. U.S <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">Spot gold<\/a> was flat at $1,635.40 an ounce.<\/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>Meanwhile euro edged lower 0.2% against the dollar as weak data on euro-zone\u2019s service sector and Sunday\u2019s elections in France and Greece- results of which can put a doubt over monetary union\u2019s commitment over austerity dive, unnerved the market sentiment.<\/p>\n<p>If Sunday\u2019s elections results see Francois Hollande win against incumbent Nicolas Sarkozy, then the euro-zone could head towards a possible confrontation on austerity dive. Hollande has promised to shift the debate in Europe towards promoting growth if he is elected. Meanwhile, in Greece, people hold widespread resentment against traditional political parties as they are furious over economic hardships. Should mainstream parties lose elections in Greece, then the country might plunge into new political chaos.<\/p>\n<p>Shares in Europe were trading lower ahead of a potential turbulent weekend.<\/p>\n<p>In a note to investors, UBS bank wrote, \u201cAn acceleration of the focus on Europe could potentially be very disruptive for markets and derail investor sentiment yet again.\u201d<\/p>\n<p>The note also added, \u201cWith <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> still undecided as to whether it would rather sympathize with risk or safe haven assets, the reaction function of XAU\/USD remains unclear at this point.\u00a0 But given the pressure renewed European tensions would have on the single currency, (gold in euro terms) might be poised to benefit.\u201d<\/p>\n<p>Moving onto some other precious metal markets, <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">silver<\/a> plunged to its 3 \u00bd month low at $29.75. The metal is on course to lose 4.5% this week.<\/p>\n<p>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 currently trading 0.03% higher at $29.30, 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 currently trading 0.26% higher at $47.16, and the ProShares UltraShort Silver (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nyse\/today.aspx\">NYSE<\/a>: ZSL) is currently trading 0.25% lower at $11.87.<\/p>\n<p>Spot platinum<strong>\u00a0<\/strong>edged lower 0.1 percent at $1,526.49 an ounce, while\u00a0spot palladium<strong>\u00a0<\/strong>was up 0.1 percent at $656.72 an ounce.<\/p>\n<p>&nbsp;<\/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 swung back to positive territory, touching session\u2019s high at $1,640 an ounce as weaker than expected data on [&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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