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.
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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.

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New York spot silver prices were rising about 42 cents, or 2.3% at $18.48.

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New York spot platinum prices, meanwhile, were adding $21, or 1.2% to $1,729 an ounce, while its sister metal was gaining traction.

New York spot palladium prices were adding $12, or 2.2%, at $551 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.

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

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

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