NEW YORK (TheStreet) -- Spot gold prices are bouncing back, as the yellow metal regains appeal amid the slumping U.S. markets that followed a spate of weak economic data.
New York spot gold prices were adding $16.70, or 1.4%, to $1,247.20 an ounce Thursday afternoon.
New York spot silver prices were rising by 28 cents, or 1.5%, to $18.75 an ounce.
New York spot platinum prices, meanwhile, were up $8, or 0.5%, to $1,575 an ounce, while its sister metal was gaining traction.
More on Commodities
New York spot palladium prices were advancing $8, or 1.7%, to $480 an ounce.
Mining stocks and metals ETFs were trading in positive territory Thursday afternoon. Mining stocks offer another form of exposure to precious metals.
Pan American Silver
was jumping 5.3% to $27, while
was rising 4% to $18.39.
was adding 3.7% to $44.78, while
ETFS Physical Palladium Shares
was up 1.7% to $48.08.
-- Reported by Andrea Tse in New York
Follow TheStreet.com on
and become a fan on
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.