NEW YORK (TheStreet) -- Spot gold prices gave up gains as investors' concerns about an economic slowdown eased following reassuring comments from Fed chairman Ben Bernanke about the U.S. recovery, as well as a Reuters report highlighting a surge in China's exports.
Spot gold prices were falling $2.30, or 0.2%, to $1232.50 an ounce Wednesday afternoon.
New York spot silver prices were surrendering18 cents, or 1%, to $18.11 an ounce.
New York spot platinum prices, meanwhile, were giving up $2, or 0.1%, to $1525 an ounce, while its sister metal was losing traction.
More on Commodities
New York spot palladium prices were adding $7, or 1.6%, to $447 an ounce.
A handful of mining stocks and metals ETFs were losing ground Wednesday afternoon. Mining stocks offer another form of exposure to precious metals.
fell 1.3% to $55.70, while
Freeport-McMoRan Copper & Gold
lost 1.2% to $60.75.
gave up 1.7% to $5.22, and
surrendered 1.9% to $18.81.
-- Reported by Andrea Tse in New York
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