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.
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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 Report
was falling 2.1% to $62.35.
ETFS Physical Palladium Shares
(PALL) - Get Report
was flat at $46.58 while
SPDR Gold Trust
(GLD) - Get Report
was trading sideways at $118.31.
-- Reported by Andrea Tse in New York.
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