NEW YORK (TheStreet) -- Spot gold prices have extended their drop with the broader equities, as the yellow metal's portfolio diversifying attributes continue to be undermined by speculative buying.
New York spot gold prices were falling by $2.40, or 0.2%, to $1,225.60 an ounce Monday afternoon.
New York spot silver prices were lower by 3 cents, or 0.2%, at $17.99 an ounce.
New York spot platinum prices, meanwhile were unchanged at $1,508 an ounce, while its sister metal was gaining traction.
More on Commodities
New York spot palladium prices were adding $7, or 1.5%, to $481 an ounce.
A handful of mining stocks and exchange-traded funds were trading in mixed territory Monday. Mining stocks offer another form of exposure to precious metals.
SPDR Gold Trust
was flat at $119.83 in after-hours trading activity while
was rising by 3.1% to $13.57.
Freeport-McMoRan Copper & Gold
was unchanged at $70.36.
was down by 0.3% to $43.96.
-- Reported by Andrea Tse in New York
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