Spot-Gold Prices Holding Their Own

New York spot gold prices have been perking up, even as investors continue putting their money in stocks and driving them to extend gains from the previous day's market rally.
Author:
Publish date:


NEW YORK (TheStreet) -- New York spot-gold prices have been perking up, even as investors continue putting their money in stocks and driving them to extend gains from the previous day's market rally, which was fueled by a frenzy over the $1 trillion debt rescue plan by the EU.

Spot gold prices were rising $17.70, or 1.5%, to $1220.40 an ounce Tuesday afternoon.

Image placeholder title

New York spot silver prices were up 75 cents, or 4.1%, at $19.25 an ounce.

Image placeholder title

New York spot platinum prices, meanwhile, were trading sideways at $1,695 an ounce, while its sister metal was losing traction.

New York spot palladium prices were down $1, or 0.2%, at $529 an ounce.

Image placeholder title

A handful of mining stocks were trading in positive territory Tuesday afternoon. Mining stocks offer another form of exposure to precious metals.

Kinross Gold

(KGC) - Get Report

was rising 7.9% to $18.75, while

Silver Wheaton

(SLW)

was adding 7.3% to $20.60.

Silvercorp Metals

(SVM) - Get Report

stock was rising 6.1% to $8.51.

Meanwhile,

Hecla Mining

(HL) - Get Report

stock was jumping 6.5% to $6.21.

-- Reported by Andrea Tse in New York

RELATED STORIES:

>>Spot Metals Roundup, 5/10: Spot Gold Prices Lose Some Luster

>> Spot Metals Roundup, 5/10: Spot Gold Prices Digest Mixed News

>> Spot Metals Roundup, 5/06: Spot Gold Prices Get High on Greek Unrest

>>Spot Metals Roundup, 5/05: Midday Spot Gold Prices Show Some Life

Follow TheStreet.com on

Twitter

and become a fan on

Facebook.

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.