NY Spot Gold Falls Ahead of Holidays

New York spot gold prices have softened Tuesday as the dollar firmed ahead of the holiday weekend.
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NEW YORK (TheStreet) -- New York spot gold prices softened Tuesday as the dollar firmed ahead of the holiday weekend.

"Pre-holiday trading patterns became manifest as trading thinned out somewhat, and traders were more inclined to tally their first-quarter activity results than to engage in taking large fresh positions in either direction," Kitco analyst Jon Nadler wrote.

The New York Stock Exchange will be closed April 2 in observance of Good Friday.

Spot gold prices have fallen $4.80, or about 0.4%, to $1,104.20 an ounce.

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New York spot silver prices are down 3 cents, or 0.2%, to $17.32 an ounce in the intraday.

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New York spot platinum prices are down by $10, or 0.6%, to $1,617 an ounce, while its sister metal has lost ground.

New York spot palladium prices have fallen $1, or 0.2%, in the afternoon at $469 an ounce.

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A handful of mining stocks have declined during the trading session. Mining stocks offer another form of exposure to precious metals.

Goldcorp

(GG)

has lost 1.7% to $36.90, while

Stillwater Mining Company

(SWC)

is down 1.4% at $13.

North American Palladium

(PAL)

has fallen 0.5% to $4.

ETFS Physical Palladium

(PALL) - Get Report

is down 0.9% to $47.

-- Reported by Andrea Tse in New York

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