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Spot Gold Prices Show Limited Strength

Spot gold prices are showing limited strength Tuesday afternoon, as currency volatility temper and the markets look comparatively flat.
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NEW YORK (TheStreet) -- Spot gold prices are showing limited strength Tuesday afternoon, as currency volatility tempers and the markets look comparatively flat.

Spot gold prices were firming up $7.30, or 0.6%, to $1,239.90 an ounce Tuesday afternoon.

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New York spot silver prices were rising 18 cents, or 1%, to $18.90 an ounce.

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New York spot platinum prices, meanwhile, were down $1, or 0.1%, to $1,587 an ounce, while its sister metal was losing traction.

New York spot palladium prices were falling $5, or 1%, to $486 an ounce.

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Mining stocks were in mixed action Tuesday afternoon. Mining stocks offer another form of exposure to precious metals.

Silvercorp Metals

(SVM) - Get Report

was up 0.7% to $7.10, while

Freeport-McMoRan Copper & Gold

(FCX) - Get Report

TST Recommends

was down 1.9% to $66.79.

Hecla Mining

(HL) - Get Report

was rising 0.5% to $5.66, while

Stillwater Mining

(SWC)

was falling 0.3% to $13.80.

-- Reported by Andrea Tse in New York

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