Skip to main content

NEW YORK (TheStreet) -- Spot-gold prices are heading higher Monday afternoon as investors seek safety amid much uncertainty over the EU's handle over debt contagion problems in the region.

Even as the EU and International Monetary Fund discussed the details of a rescue package for the embattled Irish financial sector and Ireland finalizes its 15-billion-euro austerity plan, investors are nervous about the tough road ahead in overhauling the nation's banking system and what this means for the other troubled EU countries.

New York spot gold prices were rising $10.60, or 0.8%, to $1,364.70 in Monday afternoon trading.

New York

spot silver prices

were adding 46 cents, or 1.7%, to $27.81.

Image placeholder title
Image placeholder title

New York spot platinum prices were giving up $6, or 0.4%, to $1,658 an ounce as its sister metal lost ground.

New York spot palladium prices were surrendering $10, or 1.4%, to $691 an ounce.

Image placeholder title

A handful of precious metals mining stocks and ETFs -- which offer another form of exposure to precious metals -- were largely in the positive territory towards the market close on Monday.

Hecla Mining

(HL) - Get Hecla Mining Company Report

was gaining 4.8% to $8.99, while

Silver Wheaton

Scroll to Continue

TheStreet Recommends


was rising by 4.2% to $36.16.

North American Palladium


was increasing 2.5% to $5.82 and

ETFS Physical Palladium Shares

(PALL) - Get abrdn Physical Palladium Shares ETF Report

was falling by 1.4% to $69.03.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here:

Andrea Tse


>To follow the writer on Twitter, go to

Andrea Tse


>To submit a news tip, send an email to:



>>Spot Gold Prices Lag Mining Stocks

>>Spot Gold Prices, Silver Take a Beating

>>Spot Metals Roundup, 11/15: Spot Gold Prices Claw Higher

Copyright 2010 Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.