Spot Gold Prices: Cooking With Greece
NEW YORK (TheStreet) -- Spot gold prices have continued their ascent Friday afternoon as an improved Greek rescue plan appeared increasingly likely.
"The habitual Bloomberg gold survey for the coming week indicates that 18 out of 21 polled participants believe that bullion will add to this week's gains -- a level of bullishness not seen since last November, just ahead of the peak the metal reached in early December," Kitco analyst Jon Nadler wrote Friday.
Spot gold prices were inching up by $12.30, or about 1.1%, to $1,179.50 an ounce Friday afternoon.
New York spot silver prices were rising about 21 cents, or 1.1%, at $18.64.
New York spot platinum prices, meanwhile, were adding $5, or 0.3% to $1,735 an ounce, while its sister metal was gaining traction.
More on Commodities |
New York spot palladium prices were adding $1, or 0.2%, at $551 an ounce.
A handful of mining stocks have been trading in mixed territory Friday afternoon. Mining stocks offer another form of exposure to precious metals.
Goldcorp
(GG)
stock has added 2% to $43.70 and
Barrick Gold
(ABX)
has risen 2.6% to $43.98
Freeport-McMoRan Copper & Gold
(FCX) - Get Report
has lost 2.3% to $75.93, while
North American Palladium
(PAL)
has fallen 2.7% to $4.69.
-- Reported by Andrea Tse in New York
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>>Spot Metals Roundup, 4/29: Spot Gold Prices: Greece Is the Word
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>> Spot Metals Roundup, 4/27: Spot Gold Steady Amid Eurozone Jitters
>> Spot Metals Roundup, 4/26: Spot Gold Prices Fall on Greece Worries
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-- Reported by Andrea Tse in New York
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