NEW YORK (TheStreet) -- Spot gold prices were popping Thursday afternoon as renewed concerns about global inflation prompted investors to seek out inflation hedges.
New York spot gold prices were higher by $5.80, or 0.5%, to $1,274 an ounce Thursday afternoon.
New York spot silver prices were adding 19 cents, or 0.9%, to $20.79 an ounce.
New York spot platinum prices, meanwhile were up by $3, or 0.2%, to $1,609 an ounce, while its sister metal was losing ground.
More on Commodities
New York spot palladium prices were lower by $5, or 0.9%, to $549 an ounce.
A number of mining stocks were trading in positive territory Thursday afternoon. Mining stocks offer another form of exposure to precious metals.
was advancing by 0.4% to $63.15 and
was adding 1.9% to $45.84.
Pan American Silver
was rising 2.7% to $28.85 and
was increasing 2.5% to $25.43.
-- Written by Andrea Tse in New York.
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