Spot Gold Prices Get High on Greek Unrest

As European debt-contagion fears continued to spread, and protestors descended on the streets of Athens, Greece following the approval of a crucial austerity bill, spot gold prices got a lift.
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NEW YORK (TheStreet) -- As European debt-contagion fears continued to spread, and protestors descended on the streets of Athens, Greece following the approval of a crucial austerity bill, spot gold prices got a nice lift.

Spot gold prices were adding $24.10, or about 2.1%, to $1,199.70 an ounce Thursday afternoon.

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New York spot silver prices were trading sideways at $17.51 an ounce.

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New York spot platinum prices, meanwhile, were up $13, or 0.8%, to $1659 an ounce, while its sister metal was gaining traction.

New York spot palladium prices were advancing $9, or 1.8%, at $511 an ounce.

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A handful of mining stocks have been trading in positive territory Thursday afternoon. Mining stocks offer another form of exposure to precious metals.

Barrick Gold

(ABX)

stock has risen 2.3% to $43.88, and

Silvercorp. Metals

(SVM) - Get Report

stock is up 1.3% to $7.87.

Newmont Mining

(NEM) - Get Report

stock has advanced by 3.3% to $55.33.

Meanwhile,

Goldcorp.

(GG)

stock has added 2.2% to $43.60.

-- Reported by Andrea Tse in New York

RELATED STORIES:

>>Spot Metals Roundup, 5/05: Midday Spot Gold Prices Show Some Life

>>Spot Metals Roundup, 5/04: Spot Gold Price Loses Vigor

>> Spot Metals Roundup, 5/03: Greece Bolsters Spot Gold Prices

>> Spot Metals Roundup, 4/30: Spot Spot Gold Prices: Cooking With Greece

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