Spot Gold Prices Firm on Economic Jitters

Spot gold prices are looking stronger Wednesday afternoon as investors seek the safe-haven investment amid economic jitters driven by weaker-than-expected private-sector job growth in June.
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NEW YORK (TheStreet) -- Spot gold prices are looking stronger Wednesday afternoon as investors seek the safe-haven investment amid economic jitters driven by weaker-than-expected private-sector job growth in June.

Spot gold prices were rising $1.80, or 0.2%, to $1,242.60 an ounce Wednesday afternoon.

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New York spot silver prices were adding 11 cents, or 0.6%, to $18.62 an ounce.

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New York spot platinum prices, meanwhile, were falling $7, or 0.5%, to $1,534 an ounce, while its sister metal was losing ground.

New York spot palladium prices were down $7, or 1.6%, to $443 an ounce.

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A handful of mining stocks were trading in mixed territory Wednesday afternoon. Mining stocks offer another form of exposure to precious metals.

Stillwater Mining Company

(SWC)

was flat at $11.99, while

Silver Wheaton

(SLW)

was rising 1.5% to $20.29.

Hecla Mining

(HL) - Get Report

was 0.2% lower at $5.37, and

Barrick Gold

(ABX)

was rising 1.6% to $45.73.

-- Reported by Andrea Tse in New York

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