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Spot Gold Prices Heat Up On Dollar Woes

Spot gold prices were popping Friday afternoon amid U.S. dollar bearishness.
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NEW YORK (TheStreet) -- Spot gold prices were popping Friday afternoon amid bearishness on the dollar and GDP results.

The U.S. dollar index was down 0.2% to $77.18 Friday afternoon.

"The GDP numbers (at least initially), had an opposite and counterintuitive effect on the U.S. dollar," Kitco analyst Jon Nadler said in a daily report.

New York spot gold prices were popping by $14.10, or 1.1%, to $1,358.20 an ounce Friday afternoon.

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New York

spot silver prices

were rising by 67 cents, or 2.8%, to $24.70.

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New York spot platinum prices were up by $10, or 0.6%, to $1,699 an ounce, while its sister metal was gaining ground.

New York spot palladium prices were gaining $22, or 3.5%, to $646 an ounce.

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A group of mining stocks and precious metals ETFs finished in positive territory Friday afternoon. Mining stocks offer another form of exposure to precious metals.

Barrick Gold

(ABX)

rose 2.3% to $48.09 while

Silver Wheaton

(SLW)

gained 4.4% to $28.75.

Stillwater Mining Company

(SWC)

added 3.4% to $17.80 and

ETFS Physical Palladium Shares

(PALL) - Get Report

rose 2.8% to $64.48.

-- Written by Andrea Tse in New York.

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