Spot Gold Prices Rage On
NEW YORK (TheStreet) -- Spot gold prices were advancing in positive territory Tuesday afternoon as investors opted for insurance against currency uncertainties.
The U.S. dollar index falling by 0.7% to $76.72.
New York spot gold prices were popping $5.30, or 0.4%, to $1,356.60 an ounce.
New York
were up 25 cents, or 1%, to $24.88.
New York spot platinum prices were rising $13, or 0.8%, to $1,717 an ounce, while its sister metal was slipping.
More on Commodities |
New York spot palladium prices were losing $7, or 1.1%, to $643 an ounce.
A group of mining stocks and precious metals ETFs were trading in mixed territory Tuesday afternoon. Mining stocks offer another form of exposure to precious metals.
Silvercorp Metals
(SVM) - Get Report
was gaining 2.6% to $10, while
Newmont Mining
(NEM) - Get Report
was falling 2.2% to $59.89.
Silver Wheaton
(SLW)
was rising 2.4% to $29.62 and
ETFS Physical Palladium Shares
(PALL) - Get Report
was falling 1% to $64.19.
Market Vectors Junior Gold Miners ETF
(GDXJ) - Get Report
was advancing by 1.6% to $36.85.
-- Written by Andrea Tse in New York.
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