Spot Gold Prices Give Back Gains

Spot gold prices have pulled back from gains seen the day before as safe-haven buying mellowed with the advancing equity market.
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NEW YORK (TheStreet) -- Spot gold prices have pulled back from gains seen yesterday, as safe-haven buying has mellowed with the advancing equity market.

New York spot gold prices are flat at $1,225 an ounce Tuesday afternoon.

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New York spot silver prices are higher by 15 cents, or 0.8%, at $18.56 an ounce.

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New York spot platinum prices, meanwhile are up by $9, or 0.6%, to $1,539 an ounce, while its sister metal is gaining traction.

New York spot palladium prices are adding $13, or 2.7%, to $494 an ounce.

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A handful of mining stocks and exchange-traded funds (ETFs) are advancing Tuesday afternoon; mining stocks offer another form of exposure to precious metals.

Stillwater Mining

(SWC)

is jumping by 4.5% to $13.58 while

Freeport-McMoRan Copper & Gold

(FCX) - Get Report

is rising by 4% to $73.48.

ETFS Physical Palladium Shares

(PALL) - Get Report

is adding 2.1% to $49.43 and

Barrick Gold

(ABX)

is up by 1.7% to $44.36.

-- Reported by Andrea Tse in New York

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