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.
were adding 46 cents, or 1.7%, to $27.81.
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.
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.
was gaining 4.8% to $8.99, while
was rising by 4.2% to $36.16.
North American Palladium
was increasing 2.5% to $5.82 and
ETFS Physical Palladium Shares
was falling by 1.4% to $69.03.
-- Written by Andrea Tse in New York.
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