Spot Gold Price Loses Vigor

Spot gold loses some of its earlier vigor Tuesday afternoon after firming up on Monday.
Author:
Publish date:


NEW YORK (TheStreet) -- Spot gold lost some of its earlier vigor Tuesday afternoon after firming up the day before over promising Greek debt-rescue news.

Spot gold prices were inching down by $10.10, or about 0.9%, to $1,172.20 an ounce Tuesday afternoon.

Image placeholder title

New York spot silver prices were falling about 87 cents, or 4.6%, at $17.93 an ounce.

Image placeholder title

New York spot platinum prices, meanwhile, were losing $44, or 2.6%, to $1677 an ounce, while its sister metal was losing traction.

New York spot palladium prices were falling $21, or 3.9%, at $519 an ounce.

Image placeholder title

A handful of mining stocks have been trading in the red Tuesday afternoon.

Stillwater Mining

(SWC)

has dropped 13.3% to $14.42 and

Silvercorp Metals

(SVM) - Get Report

has tumbled 7.7% to $7.81.

Meanwhile,

Freeport-McMoRan Copper & Gold

(FCX) - Get Report

has fallen 4.9% to $70.15 -- it's been one of the big losers on the S&P 500 Index Tuesday; and

North American Palladium

(PAL)

has lost 8.7% to $4.20.

Mining stocks offer another form of exposure to precious metals.

-- Reported by Andrea Tse in New York

RELATED STORIES:

>> Spot Metals Roundup, 5/03: Greece Bolsters Spot Gold Prices

>> Spot Metals Roundup, 4/30: Spot Spot Gold Prices: Cooking With Greece

>>Spot Metals Roundup, 4/29: Spot Gold Prices: Greece Is the Word

>>Spot Metals Roundup, 4/28: Spot Gold Prices: More Eurozone Jitters

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.