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Spot Gold Prices Firm With Limited Gains

Spot gold prices have been popping amid indications that China could expand its gold market; though gains were limited as the broader equities moved higher amid better-than-expected private sector job growth numbers.
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NEW YORK (TheStreet) -- Spot gold prices have been popping amid indications that China could expand its gold market; though gains were limited as the broader equities moved higher amid better-than-expected private sector job growth numbers.

New York spot gold prices were rising $9.90, or 0.8%, to $1,195.50 an ounce Wednesday afternoon.

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New York spot silver prices were falling 12 cents, or 0.7%, to $18.25 an ounce.

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New York spot platinum prices, meanwhile were unchanged at $1,577 an ounce, while its sister metal was losing traction.

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New York spot palladium prices were slipping by $6, or 1.2%, to $495 an ounce.

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Mining stocks and exchange-traded funds (ETFs) were trading in mixed territory Wednesday afternoon. Mining stocks offer another form of exposure to precious metals.

Stillwater Mining

(SWC)

was increasing 1.5% to $14.04, while

Freeport-McMoRan Copper & Gold

(FCX) - Get Report

was rising by 0.8% to $74.61.

ETFS Physical Palladium Shares

(PALL) - Get Report

was losing 0.7% to $49.46.

iShares Silver Trust

(SLV) - Get Report

was lower by 0.7% to $17.89.

-- Written by Andrea Tse in New York

RELATED STORIES:

>>Spot Metals Roundup, 8/3: Spot Gold Rises as China Expands Market

>> Spot Metals Roundup, 8/02: Spot Gold Prices In Tight Trading Range

>> Spot Metals Roundup, 7/30: Spot Gold Prices Climb

>>Spot Metals Roundup, 7/29: Spot Gold Prices Pop on Mixed Equities

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