NEW YORK (TheStreet) -- New York spot gold prices have been popping as currency-hedgers following the news about the European Central Bank and International Monetary Fund's $1 trillion European debt rescue plan jump into the gold market, and speculators buy it up for fear of missing out on a demand uptrend.
Spot gold prices were rising $14.50, or 1.2%, to $1245.90 an ounce Wednesday afternoon.
New York spot silver prices were up 30 cents, or 1.6%, at $19.63 an ounce.
New York spot platinum prices, meanwhile, were advancing $36, or 2.1%, at $1,739 an ounce, while its sister metal was gaining ground.
More on Commodities
New York spot palladium prices were up $11, or 2.1%, at $544 an ounce.
A handful of mining stocks were trading in positive territory Wednesday afternoon. Mining stocks offer another form of exposure to precious metals.
was rising 3.8% to $19.42, while
was adding 2.1% to $21.19.
stock was rising 5.6% to $9.01.
stock was jumping 3.4% to $6.40.
-- Reported by Andrea Tse in New York
>>Spot Metals Roundup, 5/10: Spot Gold Prices Lose Some Luster
>> Spot Metals Roundup, 5/10: Spot Gold Prices Digest Mixed News
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