Gold Prices Head Up on Economic Jitters

New York spot gold prices are gaining traction Friday morning, as the global economic recovery comes into question.
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NEW YORK (TheStreet) -- New York spot gold prices were gaining traction during pre-market hours Friday morning, as the global economic recovery came into question -- fuelled by worries that European debt woes will be more difficult to surmount than previously thought.

Spot gold prices were advancing by $13.80, or 1.1%, to $1,246.40 an ounce Friday morning.

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New York spot silver prices were adding 21 cents, or 1.1%, to $19.64 an ounce.

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New York spot platinum prices, meanwhile, were falling $13, or 0.8%, at $1,718 an ounce, while its sister metal was losing traction.

New York spot palladium prices were edging down $5, or 0.9%, to $533 an ounce.

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Mining stocks, offer another form of exposure to precious metals, were mixed in pre-market trading.

ETFS Physical Palladium Shares

(PALL) - Get Report

was falling 1.3% to $53.46 in pre-market trading, while

Newmont Mining

(NEM) - Get Report

stock was rising 2% at $58.25.

Meanwhile,

Silvercorp Metals

(SVM) - Get Report

stock was adding 2.3% to $8.55 and

Kinross Gold

(KGC) - Get Report

stock was advancing by 2% to $19.21.

-- Reported by Andrea Tse in New York

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>> Spot Metals Roundup, 5/13: New York Spot Gold Prices Slip

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>>Spot Metals Roundup, 5/12: Midday Spot-Gold Prices Holding Their Own

>>Spot Metals Roundup, 5/10: Spot Gold Prices Lose Some Luster

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