Spot Gold Prices: Greece Is the Word
NEW YORK (TheStreet) -- Spot gold prices received a lift from the falling dollar and rising euro Thursday as markets anticipated a stronger debt-rescue package for Greece.
Spot gold prices were inching up by $3.10, or about 0.3%, to $1,168.10 an ounce Thursday afternoon.
Earlier Thursday, "gold spot prices traded $1.90 higher on the open, quoted at $1,166.90 per ounce as participants awaited the U.S. unemployment filings number (due 10 minutes after the open)," Kitco analyst Jon Nadler noted.
New York spot silver prices were rising about 42 cents, or 2.3% at $18.48.
New York spot platinum prices, meanwhile, were adding $21, or 1.2% to $1,729 an ounce, while its sister metal was gaining traction.
More on Commodities |
New York spot palladium prices were adding $12, or 2.2%, at $551 an ounce.
A handful of mining stocks have been trading in positive territory Thursday afternoon. Mining stocks offer another form of exposure to precious metals.
North American Palladium
(PAL)
stock has risen 3.9% to $4.83, and
Stillwater Mining
(SWC)
TheStreet Recommends
has added 3.4% to $17.30.
Silvercorp Metals
(SVM) - Get Silvercorp Metals Inc. Report
has gained 3.3% to $8.17.
Meanwhile,
ETFS Physical Palladium Shares
(PALL) - Get Aberdeen Standard Physical Palladium Shares ETF Report
is up 2.4% at $55.17.
-- Reported by Andrea Tse in New York
RELATED STORIES:
>>Spot Metals Roundup, 4/29: Spot Gold Prices: More Eurozone Jitters
>> Spot Metals Roundup, 4/27: Spot Gold Steady Amid Eurozone Jitters
>> Spot Metals Roundup, 4/26: Spot Gold Prices Fall on Greece Worries
>>Spot Metals Roundup, 4/23: Spot Gold Price: Greece Is the Word
Follow TheStreet.com on
and become a fan on
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
