NEW YORK (TheStreet) -- Spot gold prices rose as investors pursued safe-haven buying amid fears about the strength of the global economic recovery following news that Japan's gross domestic product only grew 0.4% in the second quarter.
New York spot gold prices were popping by $10, or 0.8%, to $1,225.40 an ounce Monday afternoon.
New York spot silver prices were higher by 29 cents, or 1.6%, at $18.43 an ounce.
New York spot platinum prices, meanwhile were up by $8, or 0.5%, to $1,529 an ounce, while its sister metal was gaining traction.
More on Commodities
New York spot palladium prices were adding $8, or 1.7%, to $484 an ounce.
A handful of mining stocks and exchange-traded funds (ETFs) were trading higher Monday afternoon; mining stocks offer another form of exposure to precious metals.
was up by 1.4% to $12.92, while
Freeport-McMoRan Copper & Gold
was edging up by 0.8% to $70.60.
ETFS Physical Palladium Shares
was advancing by 1.3% to $48.31 and
iShares Silver Trust
was 1.6% higher at $18.02.
-- Reported by Andrea Tse in New York
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