NEW YORK (TheStreet) -- New York spot gold prices have reversed earlier losses as debt-laden Greece gets ready to formally request a rescue package from the European Union.
Spot gold prices were rising $13.40, or about 1.2%, to $1,154.70 an ounce Friday afternoon.
"The rescue package request news lifted the euro off of one-year lows, as it also caused Greek bonds to rally, various stock indices to rise, the U.S. dollar to retreat a bit, and commodities to stage a comeback as risk appetite reignited," Kitco analyst Jon Nadler noted in a Friday report.
New York spot silver prices, meanwhile, were up 23 cents, or 1.3%, to $18.21 an ounce Friday afternoon.
New York spot platinum prices were losing $2, or 0.1%, to $1,738 an ounce, while its sister metal lost ground.
New York spot palladium prices were trading at $559 an ounce, down $2, or 0.4%.
Mining stocks, which offer another form of exposure to precious metals, were trading in mixed territory Friday afternoon.
stock was rising 4.8% to $17.78, while
stock was up 2.2% to $17.80.
stock was gaining 2.7% to $7.61.
ETFS Physical Palladium Shares
were losing 0.8% to $56.13.
-- Reported by Andrea Tse in New York
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