Spot Gold Prices Give Back Gains
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.
New York spot silver prices are higher by 15 cents, or 0.8%, at $18.56 an ounce.
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.
More on Commodities |
New York spot palladium prices are adding $13, or 2.7%, to $494 an ounce.
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 Freeport-McMoRan Inc. Report
is rising by 4% to $73.48.
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ETFS Physical Palladium Shares
(PALL) - Get abrdn Physical Palladium Shares ETF 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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