Spot Gold Firms on Market Uncertainties - TheStreet

Spot Gold Firms on Market Uncertainties

New York spot gold prices are stronger Tuesday afternoon as investors gravitate to the yellow metal after mixed manufacturing numbers create confusion in the equity markets.
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NEW YORK (TheStreet) -- New York spot gold prices were stronger Tuesday afternoon as investors gravitated to the yellow metal after mixed manufacturing numbers created some confusion in the equity markets.

Spot gold prices were rising $7.20, or 0.6%, to $1223.40 an ounce Tuesday afternoon.

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New York spot silver prices were falling by 10 cents, or 0.5%, to $18.46 an ounce.

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New York spot platinum prices, meanwhile, were decreasing $6, or 0.4%, to $1,553 an ounce, while its sister metal was also losing traction.

New York spot palladium prices were down $6, or 1.3%, to $460 an ounce.

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Mining stocks and metals ETFs were mixed Tuesday afternoon; mining stocks offer another form of exposure to precious metals.

North American Palladium

(PAL)

was at $3.34, down 3.2%, while

ETFS Physical Palladium Shares

(PALL) - Get Report

was rising 0.4% to $46.12.

Stillwater Mining

(SWC)

was decreasing 3.4% to $12.79 and

Silver Wheaton

(SLW)

was rising 0.7% to $19.02.

-- Reported by Andrea Tse in New York

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