Spot Gold Prices Soften on Greece News
NEW YORK (TheStreet) -- New York spot gold prices softened Monday afternoon as news about promising euro-region emergency aid talks for debt-ladened Greece that occurred over the weekend continued to spread.
Spot gold prices were falling $1.60, or about 0.1%, to $1,159.80 an ounce.
"Against this background of uncertainties
related to fears of Greece defaulting on debtgold prices climbed, " Kitco analyst Jon Nadler wrote in a report on Monday.
New York spot silver prices, meanwhile, were down 6 cents, or 0.3%, to $18.33 an ounce Monday afternoon.
New York spot platinum prices were rising $10, or 0.6%, to $1,731 an ounce, while its sister metal gained ground.
New York spot palladium prices were up $8, or 1.6% to $519 an ounce.
Mining stocks, which offer another form of exposure to precious metals, were trading in mixed territory Monday afternoon.
Kinross Gold
(KGC) - Get Kinross Gold Corporation Report
stock has risen 0.2% to $18.60, while
Stillwater Mining
(SWC)
TheStreet Recommends
shares are at $15.70.
North American Palladium
(PAL)
is down 1.7% to $4.70.
Meanwhile,
ETFS Physical Palladium Shares
(PALL) - Get Aberdeen Standard Physical Palladium Shares ETF Report
have risen 1.6% to $52.10.
-- Reported by Andrea Tse in New York
RELATED STORIES:
>>Spot Metals Roundup, 4/09: Spot Gold Price Up on Greece Woes
>>Spot Metals Roundup, 4/08: Spot Gold Spurred by Greece Woes
>>Spot Metals Roundup, 4/07: Economic Woes Boost Spot Gold Prices
>> Spot Metals Roundup, 4/06: Spot Gold Prices Up, Platinum Slips
Follow TheStreet.com on
and become a fan on
Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
