Spot Gold Prices Retreat Further
NEW YORK (TheStreet) -- Spot gold prices have been falling with the equity markets, which took a beating after The Conference Board said its Consumer Confidence Index retreated again in July.
Spot gold prices were falling $22.20, or 1.9%, to $1,159.90 an ounce Tuesday afternoon.
New York spot silver prices were down 52 cents, or 2.9%, to $17.66 an ounce.
New York spot platinum prices, meanwhile, were surrendering $16, or 1%, to $1,530 an ounce, while its sister metal was losing ground.
More on Commodities |
New York spot palladium prices were falling $4, or 0.9%, to $466 an ounce.
A handful of mining stocks were trading in the red Tuesday afternoon. Mining stocks offer another form of exposure to precious metals.
Stillwater Mining Company
(SWC)
was falling 5.4% to $13.35, while
Silver Wheaton
(SLW)
was giving up 4.5% to $18.
Hecla Mining
(HL) - Get Report
was losing 3.9% to $4.74, and
Barrick Gold
(ABX)
was down 4.2% to $39.99.
-- Reported by Andrea Tse in New York.
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