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Spot Gold Prices Up On Market Uncertainty

Spot gold prices are exhibiting strength Tuesday afternoon on signs of slowing consumer confidence and cooling in the Chinese economy.
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NEW YORK (TheStreet) -- Spot gold prices are exhibiting strength Tuesday afternoon on signs of slowing consumer confidence and cooling in the Chinese economy.

Spot gold prices were rising $3.60, or 0.3%, to $1,242.20 an ounce Tuesday afternoon.

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New York spot silver prices were declining 13 cents, or 0.7%, to $18.63 an ounce.

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New York spot platinum prices, meanwhile, were falling $25, or 1.6%, to $1,540 an ounce, while its sister metal was losing ground.

New York spot palladium prices were down $17, or 3.6%, to $450 an ounce.

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A handful of mining stocks were trading in negative territory Tuesday afternoon. Mining stocks offer another form of exposure to precious metals.

Stillwater Mining Company

(SWC)

was falling 7% to $12.04, while

Silver Wheaton

(SLW)

TheStreet Recommends

was declining 2.9% to $20.40.

Hecla Mining

(HL) - Get Report

was losing 2.7% to $5.47, and

Barrick Gold

(ABX)

was down 1.9% to $45.33.

-- Reported by Andrea Tse in New York

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