{"id":26807,"date":"2012-05-10T12:59:00","date_gmt":"2012-05-10T12:59:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/gold-prices-and-silver-prices-edge-higher\/26791\/"},"modified":"2012-05-10T12:59:00","modified_gmt":"2012-05-10T12:59:00","slug":"gold-prices-and-silver-prices-edge-higher","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/gold-prices-and-silver-prices-edge-higher\/26807\/","title":{"rendered":"Gold Prices and Silver Prices Edge Higher"},"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> recovered on Thursday, after sliding for three straight sessions as euro strengthened after Spain\u2019s move to shore up struggling banking sector along with euro-zone\u2019s agreement over fresh bailout payments to Greece allied investors\u2019 concerns over euro-zone. Meanwhile, consensus seems to building in Greece over forming a coalition government. <a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">Silver prices<\/a> are also gaining in mid-day trading.<\/p>\n<p><span id=\"more-26807\"><\/span><\/p>\n<p>At last check, U.S. <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">Gold<\/a> edged up 0.13% at $1596.30 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><a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">Gold prices<\/a> have fallen by 3 percent this week as renewed fears over euro-zone debt crisis weighed on euro and other riskier assets. Whereas <a href=\"https:\/\/thestockmarketwatch.com\/metal\/gold-price.aspx\">gold<\/a> was perceived as safe haven asset during the debt crisis in 2011, this year it has moved in tandem with other riskier assets like <a href=\"https:\/\/thestockmarketwatch.com\/markets\/commodities\/today.aspx\">commodities<\/a>, and dollars.<\/p>\n<p>According to Anne-Laure Tremblay, an analyst at BNP Paribas, the yellow metal is trading more like a riskier asset than safe haven asset.<\/p>\n<p>\u201cWhile the U.S. dollar has gained on the back of higher risk aversion, <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> was sold off. The decline is likely a consequence of liquidation in the paper market rather than lack of interest on the physical side,\u201d added Tremblay, speaking to Reuters.<\/p>\n<p>Earlier on Thursday, euro pared recent loses, and gained against dollar after losing for eight straight sessions.<\/p>\n<p>The euro got boost as fear over Spanish banking system was abated with Spanish Government taking majority stake in Bankia-one of the country\u2019s largest bank, even as an agreement among euro-zone nations to provide fresh bailout payment of 5.2 billion euro to Greece, dispelled concerns that monetary Union is heading for a split.<\/p>\n<p>India\u2019s Gold Imports Decline<\/p>\n<p>On Thursday, India\u2019s trade secretary said that country\u2019s gold import in April fell to $3.1billion, down from last year\u2019s $4.7 billion, in the same period. Demand for gold shrunk due to weakness in Indian rupee, high spot prices and high excise and import duties-imposed by Indian government in March. However, the Indian Government scrapped excise duty on Jewelry this week; a move which could bolster gold\u2019s demand.<\/p>\n<p><a href=\"https:\/\/thestockmarketwatch.com\/metal\/silver-price.aspx\">Silver<\/a> also inched higher 0.17%, at $29.29 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 trading flat at $28.38, 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 0.32% higher at $44.15, and the ProShares UltraShort Silver (ETF) (<a href=\"https:\/\/thestockmarketwatch.com\/markets\/nyse\/today.aspx\">NYSE<\/a>: ZSL) is currently trading 0.24% lower at $12.62.<\/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-mixed-finish-13\/26914\"><br \/>\nStocks Headed for a Mixed Finish<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gold-prices-hit-four-month-low-silver-prices-down-more-than-1\/26891\"><br \/>\nGold Prices Hit Four Month Low; Silver Prices Down More than 1%<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/polycom-plcm-to-divest-its-enterprise-wireless-voice-solutions-business\/26872\"><br \/>\nPolycom &#8211; PLCM &#8211; To Divest Its Enterprise Wireless Voice Solutions Business<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-updates\/u-s-stocks-edge-higher-after-strong-economic-data\/26889\"><br \/>\nU.S. Stocks Edge Higher After Strong Economic Data<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/cigna-corporation-ci-to-acquire-great-american-supplemental-benefits-group\/26873\"><br \/>\nCigna Corporation &#8211; CI &#8211;  To acquire Great American\u00ae Supplemental Benefits Group<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/breitburn-energy-partners-bbep-pleased-to-announce-two-attractive-acquisitions\/26874\"><br \/>\nBreitBurn Energy Partners &#8211; BBEP &#8211; Pleased to announce two attractive acquisitions<\/a><\/li>\n<li><a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/recent-events\/business-news\/gilead-sciences-gild-fda-advisory-committee-supports-approval-of-gileads-truvada\/26875\"><br \/>\nGilead Sciences &#8211; GILD &#8211; FDA Advisory Committee Supports Approval of Gilead\u2019s Truvada\u00ae<\/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 recovered on Thursday, after sliding for three straight sessions as euro strengthened after Spain\u2019s move to shore up 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