Spot Gold Prices: Greece Is the Word

Spot gold prices received a lift from the falling dollar and rising euro as markets anticipated a stronger debt-rescue package for Greece.

Author:: Andrea Tse
Publish date:: Apr 29, 2010 3:22 PM EDT

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.


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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)

has added 3.4% to $17.30.

Silvercorp Metals

(SVM) - Get Report

has gained 3.3% to $8.17.

Meanwhile,

ETFS Physical Palladium Shares

(PALL) - Get Report