NEW YORK (TheStreet) -- Spot gold prices have bounced back as an unexpected jump in initial jobless claims aggravated worries about the economic recovery and decreased risk appetite.
New York spot gold prices were popping by $16.80, or 1.4%, to $1,214.70 an ounce Thursday afternoon.
New York spot silver prices were higher by 14 cents, or 0.8%, at $18.02 an ounce.
New York spot platinum prices, meanwhile were up by $9, or 0.6%, to $1,524 an ounce, while its sister metal was gaining traction.
More on Commodities
New York spot palladium prices were adding $3, or 0.7%, to $467 an ounce.
A handful of mining stocks and exchange-traded funds (ETFs) were trading in higher Thursday afternoon. Mining stocks offer another form of exposure to precious metals.
was inching up by 0.5% to $12.75, while
Freeport-McMoRan Copper & Gold
was edging up by 0.4% to $70.29.
ETFS Physical Palladium Shares
was advancing by 1% to $46.70 and
iShares Silver Trust
was 0.7% higher at $17.65.
-- Reported by Andrea Tse in New York
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