Spot Gold Prices Sustain Rise - TheStreet

Spot Gold Prices Sustain Rise

Spot gold prices continue rising Friday afternoon as U.S. stocks dip into the red.
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NEW YORK (TheStreet) -- Spot gold prices continue rising Friday afternoon as U.S. stocks dip into the red.

New York spot gold prices were rising $11.60, or 0.9%, to $1,256.80 an ounce Friday afternoon.

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New York spot silver prices were increasing 44 cents, or 2.4%, to $19.17 an ounce.

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New York spot platinum prices, meanwhile, were adding $14, or 0.9%, to $1,589 an ounce, while its sister metal was gaining traction.

New York spot palladium prices were rising $8, or 1.7%, to $488 an ounce.

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Mining stocks and metals ETFs were gaining traction Friday afternoon. Mining stocks offer another form of exposure to precious metals.

Hecla Mining

(HL) - Get Report

was rising 5.8% to $5.88, while

North American Palladium

(PAL)

was increasing 4.5% to $3.52.

Barrick Gold

(ABX)

was advancing 3.4% to $46.35, and

Newmont Mining

(NEM) - Get Report

was gaining 3.1% to $61.52.

-- Reported by Andrea Tse in New York

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