Spot Gold Prices Fall With Dollar Strength
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.
New York spot silver prices were down 12 cents, or 0.7%, at $18.34 an ounce.
New York spot platinum prices, meanwhile were declining $30, or 1.9%, to $1,541 an ounce, while its sister metal was losing traction.
More on Commodities |
New York spot palladium prices were sliding by $13, or 2.7%, to $476 an ounce.
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 Freeport-McMoRan Inc. Report
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was rising 0.2% to $74.73.
ETFS Physical Palladium Shares
(PALL) - Get abrdn Physical Palladium Shares ETF Report
was down 2.3% to $47.68 and
iShares Silver Trust
(SLV) - Get iShares Silver Trust Report
was 0.6% lower to $17.96.
-- Written by Andrea Tse in New York
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