Spot Gold Prices in Lackluster Territory

Spot gold prices are trading sideways as risk appetite grew following a successful Portugal bond auction that alleviated European sovereign debt concerns.
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NEW YORK (TheStreet) -- Spot gold prices were trading sideways as risk appetite grew following a successful Portugal bond auction that alleviated European sovereign debt concerns.

New York spot gold prices were trading sideways at $1,256.30 an ounce Wednesday afternoon.

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New York spot silver prices were adding 15 cents, or 0.8%, at $19.95 an ounce.

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New York spot platinum prices, meanwhile were advancing by $6, or 0.4%, to $1,559 an ounce, while its sister metal was gaining traction.

New York spot palladium prices were up by $6, or 1.2%, to $524 an ounce.

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A number of mining stocks and exchange-traded funds (ETFs) were trading in mixed territory Wednesday's afternoon. Mining stocks offer another form of exposure to precious metals.

SPDR Gold Trust

(GLD) - Get Report

was flat at $122.79, while

Barrick Gold

(ABX)

was trading sideways at $45.73.

Silver Wheaton

(SLW)

was down by 0.1% to $24.13 and

Newmont Mining

(NEM) - Get Report

were lower by 0.5% to $61.77.

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-- Written by Andrea Tse in New York.

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