Spot Gold Prices Fall With Dollar Strength

Spot gold prices were slipping against a firmer dollar Monday amid the upcoming FOMC announcement Tuesday afternoon.
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NEW YORK (TheStreet) -- Spot gold prices were slipping against a firmer dollar Monday amid the upcoming FOMC announcement.

The U.S. dollar index has been up 0.3% to $80.68.

New York spot gold prices were falling $4.10, or 0.3% , to $1,201.60 an ounce Monday afternoon.

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New York spot silver prices were down 12 cents, or 0.7%, at $18.34 an ounce.

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New York spot platinum prices, meanwhile were declining $30, or 1.9%, to $1,541 an ounce, while its sister metal was losing traction.

New York spot palladium prices were sliding by $13, or 2.7%, to $476 an ounce.

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Mining stocks and exchange-traded funds (ETFs) ended Monday in mixed territory. Mining stocks offer another, more volatile, form of exposure to precious metals.

Stillwater Mining

(SWC)

ended Monday's regular trading session up 0.6% at $13.96, while

Freeport-McMoRan Copper & Gold

(FCX) - Get Report

was rising 0.2% to $74.73.

ETFS Physical Palladium Shares

(PALL) - Get Report

was down 2.3% to $47.68 and

iShares Silver Trust

(SLV) - Get Report

was 0.6% lower to $17.96.

-- Written by Andrea Tse in New York

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