Spot Gold Prices Lose Some Steam

New York spot gold prices were only a tad firmer Thursday afternoon, as safe-haven buying of the yellow metalssubsided amid a stock market rally.
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NEW YORK (TheStreet) -- New York spot gold prices were only a tad firmer Thursday afternoon, as safe-haven buying of the yellow metal subsided amid a stock market rally.

Spot gold prices were rising by $1.90, or 0.2%, to $1212.50 an ounce Thursday afternoon.

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New York spot silver prices were increasing by 45 cents, or 2.5%, to $18.50 an ounce.

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New York spot platinum prices, meanwhile, were adding $40, or 2.6%, to $1559 an ounce, while its sister metal was also gaining traction.

New York spot palladium prices were up $26, or 6%, to $463 an ounce.

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Mining stocks and metals ETFs closed higher Thursday afternoon. Mining stocks offer another form of exposure to precious metals.

North American Palladium

(PAL)

closed at $3.52, up 10.3%, while

ETFS Physical Palladium Shares

(PALL) - Get Report

added 4.5% to $46.30.

Silvercorp Metals

(SVM) - Get Report

increased 5.1% to $7.61 and

Silver Wheaton

(SLW)

gained 4.2% to $19.16.

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-- Reported by Andrea Tse in New York

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