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(Reuters) - Gold eased on Thursday as European debt jitters and worries over the U.S. job market extended the metal's losses for a fifth consecutive day. Silver prices ended higher, as the head of metals research firm Thomson Reuters GFMS said silver sales for industrial applications, as well as for jewelry, coins, silverware and photography, should climb 3 to 5 percent this year. Bullion, which has tended to follow riskier assets, reversed earlier gains as Wall Street fell on market talk about a possible downgrade of France's top-notch debt rating later this year and disappointing U.S. jobless claims data. Gold has lost around $150 an ounce since late February after a strong run of U.S. economic data dashed hopes of further U.S. monetary easing. A recent drop of volume also reflects ...

(Reuters) - Gold fell almost 1 percent on Wednesday on new worries about Europe's economy and as technical resistance prompted investors to take profits after the previous session's rally. Bullion weakened on news that Italy's economy probably contracted in the fourth quarter and on discouraging reports from Germany and France, along with lingering doubt about a rescue package for Greece. Gold remained up about 11 percent for the year, boosted by the Federal Reserve's commitment to near-zero interest rates and also buoyed by gains in equity markets. "We're back into the technically congested area. It's easier to take profits if you've got some than to hold onto it with this much uncertainty going on," said Sean McGillivray, head of asset allocation for Great Pacific Wealth Management. ...

(Reuters) - Gold traded flat on Monday, moving in tandem with equities and riskier assets, as investors focused on technical resistance and kept fretting about the euro zone debt crisis. Gold rose in early trade, then surrendered those gains after Germany and France warned Greece it will get no more bailout funds until it agrees with creditor banks on a bond swap. The precious metal's moves mirrored the euro and S&P 500 U.S. stock index, which also rose early and then gave up gains to trade nearly unchanged. Gold faces technical resistance at its 200-day moving average at $1,633 an ounce, after a late December sell-off that briefly sent it into a bear market, analysts said. "There is so much bearishness in the market that gold prices would be much lower if it weren't for the Eurozone ...

(Reuters) - Gold fell in light holiday trade on Tuesday as technical weakness, options-related selling and a lack of fresh economic news failed to stimulate buying interest in the final week of the year. Selling related to the expiration of U.S. January gold options, which weighed on bullion despite rallies in crude oil, grains and a weaker dollar. A mixed bag of U.S. consumer confidence and home prices data kept investors on the sidelines. Gold is on track for a 9 percent fall for December. Prices earlier in the month plunged below key technical support they had held for nearly three years, fueling fears that bullion was close to ending a more than decade-long bull run. "Technically, a close above the 200-day moving average at $1,628 in spot gold is still needed to reinstate a bull ...

(Reuters) - Gold dropped around 3 percent on Monday, its largest one-day drop in nearly three months, as doubts over a deal for European economic integration triggered a technical breakdown. Bullion's decline dwarfed losses in the equity and commodity markets after a European summit agreement failed to restore market confidence and borrowing costs in Italy and Spain rose. Gold futures investors turned to put options to hedge downside risks, as heavy sell-stops below $1,700 an ounce sent the metal to its lowest level since late October. On charts, a bearish technical pattern could lead to another $100 loss from current levels, traders said. Spot gold dropped 2.7 percent to $1,663.86 an ounce by 2:19 p.m. EST, having touched a near two-month low of $1,657.04. "In the near term, we ...

(Reuters) - Gold tumbled 3 percent on Monday, headed for its largest one-day drop in nearly three months, as a dollar surge amid doubts over the euro zone triggered a technical breakdown. A bout of heavy sell-stops below $1,700 an ounce sent the metal to its lowest level since late October -- as equity investors liquidated gold positions to cover equity and commodity losses, after a European summit failed to restore market confidence and borrowing costs in Italy and Spain rose. Jittery gold investors have been busy buying put options and put spreads to hedge downside risks. On charts, a bearish technical pattern could lead to another $100 loss from current levels, traders said. "In the near term, we believe gold will push lower at least down to the $1,615 area but possibly more," said ...

(Reuters) - Gold rose on Friday following the previous day's tumble, swept higher in an equities rally as EU leaders agreed to push for a deeper economic integration and as U.S. consumer sentiment hit a six-month high. The precious metal, however, notched its third weekly loss in the past four weeks, hurt by technical selling earlier this week as investors remained doubtful that the European Union would resolve the crippling debt crisis in the long term. Bullion followed the S&P 500 .SPX higher after the EU secured an historic agreement to draft a new treaty to form a closer fiscal union in the euro zone, but Britain was left isolated as Europe's third-largest economy refused to join the other 26 countries. "There is a greater correlation toward the end of the year as most commodities, ...

(Reuters) - Gold rose on Tuesday, reversing initial losses after Standard & Poor's threatened to downgrade the entire euro zone including the region's core economies and its financial rescue fund. Bullion climbed as investors covered bearish positions following the previous session's sharp losses. The precious metal, which has recently followed the equity markets, was also supported by U.S. stocks which turned higher late in the session. "Investors were covering up shorts and even opening new longs on worries in Europe after the credit downgrade warning. Buying dips and making higher lows and higher highs are going to be the prevailing trend for the gold market," said Zachary Oxman, managing director of futures broker TrendMax. Spot gold edged up 0.3 percent to $1,725.99 an ounce by 2: ...

Gold fell in quiet trade on Tuesday, on track for its biggest two-day loss in two weeks, as jittery investors remained focused on Standard & Poor's credit downgrade warning for euro zone nations. Bullion is set for its second straight day of losses for the first time since mid-November, as equities and other riskier assets broadly fell after S&P threatened to slash credit ratings of 15 countries, including Germany and France, by one to two notches. Technical selling also pressured gold after it on Monday breached its key support at its 100-day moving average, with volume set up to be one of the weakest sessions in the past three weeks. "Technically, the longer-term charts have been favoring the bears. Consolidation looks to be the mode with last week's range of $1,700-$1,760 as the ...