Britain's Nicola Minichiello and Jackie Davies lost out in their bid for a women's bobsleigh medal.
Minichiello and Davies recorded the fastest second-run time
The duo slipped from sixth to ninth after their final runs, with the Germans claiming gold.
Italian Enrico Fabris delighted home supporters by claiming the men's 1500m speed skating gold medal
And Felix Gottwald lifted some of the gloom surrounding the Austrian team, which has been hit by a doping inquiry, in winning the nordic combined sprint.
Gottwald's gold, his second of the Games, came on a day dominated by developments in the saga surrounding disgraced Austrian coach Walter Mayer.
Earlier, Germany had regained the lead in the medal table by winning the men's biathlon relay.
DAY 11 EVENTS
Britain's Nicola Minichiello and Jackie Davies finished ninth in the women's bobsleigh at Cesana Pariol after starting the day with an outside medal chance.
The pair went into the final two runs in sixth position, and buoyed by the fastest second-run time, but could not repeat that effort.
Germans Sandra Kiriasis and Anja Schneiderheinze took gold with a combined time of three minutes 49.98 seconds.
They were 0.71 secs ahead of silver medallists Shauna Rohbock and Valerie Fleming of the United States, with Italians Gerda Weissensteiner and Jennifer Isacco in third.
Minichiello and Davies finished more than two seconds behind the winners in 3:52.16.
Germany won Tuesday's first gold medal, the men's 4x7.5km biathlon relay.
A superb skiing performance from Ricco Gross, Michael Roesch, Sven Fischer and Michael Greis at the Cesana San Sicario course was the key to victory as other teams shot more accurately.
Russia claimed the silver and France pipped Sweden to the bronze on the line.
Germany, silver medallists in Salt Lake City, had won the last three World Cup relay races.
Norway, the reigning Olympic and world champions, could only manage fifth despite a brilliant final leg from five-time Olympic champion Ole Einer Bjorndalen.
Austria's Felix Gottwald won the second gold medal on offer on Tuesday, the nordic combined sprint.
It was Gottwald's second gold of the Games, and his country's fourth in two days. The Austrian team now has a national best eight golds.
Magnus Moan of Norway took silver, followed by German Georg Hettich, who had led after the ski jumping round, in bronze medal position.
Gottwald had been 12th after the jumping, and started nearly a minute behind Hettich, but his storming cross-country performance more than erased the deficit and he finished 5.4 seconds clear of Moan.
Hannu Manninen of Finland, a three-time World Cup champion, placed a disappointing 12th, missing out on what might have been his last chance at an individual Olympic medal.
Russian Olympic favourite Irina Slutskaya's bid to make Winter Games history faltered in the women's figure skating short programme.
She is hoping to complete an historic title sweep for her home country, and become the first Russian woman to win the individual crown.
But a dazzling short programme from American Sasha Cohen gave her a 0.3 of a point lead over Slutskaya going into Thursday's free skate.
Slutskaya scored 66.70 in the short programme, which counts for one third of a skater's total score in the competition.
Cohen led on 66.73 while Japan's Shizuka Arakawa was lying in third place with 66.02 points.
Tatiana Navka and Roman Kostomarov won Russia's third figure skating gold in the ice dancing final on Monday.
Earlier in the Games, fellow Russian Evgeni Plushenko won the men's title, while Tatiana Totmianina and Maxim Marinin clinched the pairs gold.
In the men's 1500m speed skating, Italian Enrico Fabris delighted the home crowd with a surprise victory.
He dropped American rivals Shani Davis and Chad Hedrick to silver and bronze.
Tensions had built up between the American pair after Davis dropped out of the team pursuit event to concentrate on the 1000m, which he won.
Hedrick, the 5,000m champion, was annoyed as he saw his hopes of a record-equalling five golds disappeared when the team were eliminated in the quarter-finals.
The men's ice hockey preliminary rounds concluded with Russia beating old foes the USA in a 5-4 thriller.
The quarter-final line-up had already been completed, however, as Kazakhstan's win over Latvia gave the Americans the final place in the last eight.
Latvia had needed to thrash the Kazakhs and then hope the USA lost to Russia in the last game of the group stage.
Champions Canada will face Russia in Wednesday's quarter-finals, with Slovakia meeting the Czech Republic.
In the other games, Finland take on the USA, while Sweden play Switzerland.
Latvia 2-5 Kazakhstan
Switzerland 3-3 Italy
Finland 2-0 Germany
Canada 3-2 Czech Republic
Sweden 0-3 Slovakia
USA 4-5 Russia.