Spot Gold Prices in Lackluster Territory
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.
New York spot silver prices were adding 15 cents, or 0.8%, at $19.95 an ounce.
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.
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New York spot palladium prices were up by $6, or 1.2%, to $524 an ounce.
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 SPDR Gold Shares Report
was flat at $122.79, while
Barrick Gold
(ABX)
was trading sideways at $45.73.
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Silver Wheaton
(SLW)
was down by 0.1% to $24.13 and
Newmont Mining
(NEM) - Get Newmont Corporation Report
were lower by 0.5% to $61.77.
-- Written by Andrea Tse in New York.
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