Spot Gold Firms on Market Uncertainties
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.
New York spot silver prices were falling by 10 cents, or 0.5%, to $18.46 an ounce.
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.
More on Commodities |
New York spot palladium prices were down $6, or 1.3%, to $460 an ounce.
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
RELATED STORIES:
>> Spot Metals Roundup, 5/28: Spot Gold Prices Ease Up Ahead of Holiday
>>Spot Metals Roundup, 5/28: Spot Spot Gold Prices Lose Some Steam
>> Spot Metals Roundup, 5/26: Safe Haven Buying Spurs Spot Gold Prices
>> Spot Metals Roundup, 5/25: Spot Gold Prices Firm on Debt Fears
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
