NEW YORK (TheStreet) -- New York spot gold prices saw a bit of a selloff amid a fall in initial weekly jobless claims and the paling of stock markets Thursday.
Spot gold prices were declining $5.20, or 0.4%, to $1,231.90 an ounce Thursday afternoon.
New York spot silver prices were slipping 3 cents, or 0.2%, to $19.49 an ounce.
New York spot platinum prices, meanwhile, were losing $4, or 0.2%, at $1,733 an ounce, while its sister metal was losing traction.
More on Commodities
New York spot palladium prices were falling $1, or 0.2%, to $540 an ounce.
A handful of mining stocks were also retreating Thursday afternoon. Mining stocks offer another form of exposure to precious metals.
North American Palladium
was falling 3.4% to $4.26, while
was sliding 1.9% to $57.64.
stock was shedding 3.9% to $8.61.
was down 1.6% to $18.92.
-- Reported by Andrea Tse in New York
>>Spot Metals Roundup, 5/10: Spot Gold Prices Lose Some Luster
>> Spot Metals Roundup, 5/10: Spot Gold Prices Digest Mixed News
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