Spot Gold Prices Lack Direction
NEW YORK (TheStreet) -- Spot gold prices have been flat Thursday afternoon as investors remain conflicted over their desire for cash and worries over economic reports signaling a slow recovery in the U.S. and a slowdown in China.
New York spot gold prices were trading sideways at $1,208.10 an ounce Thursday afternoon.
New York spot silver prices were flat at $18.31 an ounce.
New York spot platinum prices, meanwhile, were up $6, or 0.4% to $1,527 an ounce, while its sister metal gained traction.
More on Commodities |
New York spot palladium prices were firmer by $1, or 0.2%, at $465 an ounce.
Mining stocks and exchange-traded funds (ETFs) were trading in mixed territory Thursday afternoon. Mining stocks offer another form of exposure to precious metals.
Silver Wheaton
(SLW)
was down 0.5% to $19.11 while
Freeport-McMoRan Copper & Gold
(FCX) - Get Freeport-McMoRan Inc. Report
was falling 2.1% to $62.35.
TheStreet Recommends
ETFS Physical Palladium Shares
(PALL) - Get abrdn Physical Palladium Shares ETF Report
was flat at $46.58 while
SPDR Gold Trust
(GLD) - Get SPDR Gold Shares ETF Report
was trading sideways at $118.31.
-- Reported by Andrea Tse in New York.
RELATED STORIES:
>>Spot Metals Roundup, 7/14: Spot Gold Prices Come Off Highs
>> Spot Metals Roundup, 7/13: Spot Gold Prices Soar on Europe Concerns
>> Spot Metals Roundup, 7/12: Spot Gold Prices Fall With Firmer Dollar
>>Spot Metals Roundup, 7/9: Spot Gold Prices Up Despite Market Gains
Get more stock ideas and investing advice on our sister site,
Follow Andrea Tse on
and become a fan on
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.