{"id":26554,"date":"2012-05-07T12:24:00","date_gmt":"2012-05-07T12:24:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-and-silver-prices-remain-in-red-4\/26545\/"},"modified":"2012-05-07T12:24:00","modified_gmt":"2012-05-07T12:24:00","slug":"gold-and-silver-prices-remain-in-red-4","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-and-silver-prices-remain-in-red-4\/26554\/","title":{"rendered":"Gold and Silver Prices Remain in Red"},"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> along with other riskier assets continued to edge lower on Monday as market sentiment following election results in France and Greece turned precautious. <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">Silver prices<\/a> are also lower in trading currently.<\/p>\n<p><span id=\"more-26554\"><\/span><\/p>\n<p>Market participants are now concerned about how would France\u2019s President designate, Francois Hollande, a socialist would comply with an agreement over euro-zone austerity drive. Hollande believes that adopting severe austerity measures cost the euro-zone badly as it curtailed growth and increased unemployment.<\/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, in Greece, the drubbing of two political mainstream parties along with no political party getting an absolute majority reflects the growing discontent among the people with regard to current economic policies in the troubled region infested with debts and rising unemployment.<\/p>\n<p>There is growing fear that anti-austerity feeling, could threaten monetary union\u2019s ability to resolve its debt crisis.<\/p>\n<p>On Monday, European stocks plunged to 4-1\/2 month lows, Brent crude oil fell to its lowest since January, and safe-haven German Bund <a href=\"https:\/\/thestockmarketwatch.com\/markets\/commodities\/today.aspx\">futures<\/a> hit record highs.<\/p>\n<p>Uncertainty over the euro-zone weighed on euro. The euro tumbled to its three month low against the greenback.<\/p>\n<p>At last <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">spot gold<\/a> edged lower 0.31 percent at $1,636.91 an ounce having earlier dropped as low as $1,634.16.<\/p>\n<p>Commenting over <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold<\/a>\u2019s retreat on Monday after a sharp rebound on Friday, Alexander Zumpfe, a trader at precious metals house Heraeus, said to Reuters, \u201c&#8221;<a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">Gold<\/a> opens the week lower with investors in risk-off mode after this weekend&#8217;s election. Stocks are weaker, the euro is losing ground, and since <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> is currently considered as a riskier asset, it is also losing ground.\u201d<\/p>\n<p>However, he also added that some buying orders on Monday helped the metal to arrest some loses. \u201cWe already saw some physical buyers coming back this morning,\u201d he said to Reuters.<\/p>\n<p>Although the physical gold buying stays sluggish in Asia, gold\u2019s import could pick up in India- world\u2019s biggest importer of gold &#8211;in coming days as the Indian Government scrapped the excise duty on Jewelry, imposed in March, according Prithviraj Kothari, President of Bombay Bullion Association and Reuters.<\/p>\n<p>In some other precious metal markets, <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">Spot silver<\/a>\u00a0lost 0.56 percent at $30.17 an ounce. Spot platinum\u00a0climbed up 0.32 percent at $1,525.25 an ounce and\u00a0spot gained 0.7 percent at $650.72 an ounce.<\/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 down 0.44% to $29.27, the ProShares Ultra <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">Silver<\/a> (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=AGQ\">NYSE: AGQ<\/a>) is down 0.91% to $46.98, and the ProShares UltraShort <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver-price.aspx\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nyse\/today.aspx\">NYSE<\/a>: ZSL) is up 0.93% to $11.90.<\/p>\n<p>More Posts by this author<\/p>\n<ul>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/walt-disney-announce-better-than-expected-results-shares-gain-dis\/26760\"><br \/>\nWalt Disney Announce Better Than Expected Results, Shares gain (DIS)<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-fall-below-psychological-1600-level-amid-heavy-trading\/26758\"><br \/>\nGold Prices Fall Below Psychological $1,600 Level Amid Heavy Trading<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-end-lower-on-euro-zone-worries-6\/26749\"><br \/>\nStocks End Lower on Euro Zone Worries<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-pare-losses-but-still-in-red\/26733\"><br \/>\nStocks Pare Losses but Still in Red<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-touch-1585-an-ounce-level-silver-prices-extend-losses\/26716\"><br \/>\nGold Prices Touch $1585 an Ounce Level; Silver Prices Extend Losses<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/stocks-lower-as-euro-zone-weakness-stokes-fear\/26715\"><br \/>\nStocks Lower as Euro-Zone Weakness Stokes Fear<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/hot-stocks-to-watch\/first-california-fcal-responds-to-pacwest-bancorps-unsolicited-proposal\/26705\"><br \/>\nFirst California &#8211; FCAL &#8211; Responds to PacWest Bancorp&#8217;s Unsolicited Proposal<\/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 along with other riskier assets continued to edge lower on Monday as market sentiment following election results in [&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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