Spot Gold Prices Weaken As Dollar Gains

Spot gold prices have been weak next to the other precious metals and stronger U.S. dollar action.
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NEW YORK (TheStreet) -- Spot gold prices were weak next to other precious metals as the U.S. dollar gained strength.

The U.S. dollar index was stronger by 0.8% to $77.71 on Tuesday afternoon.

New York spot gold prices were falling by $1.10, or 0.1%, to $1,339.20 an ounce Tuesday afternoon.

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New York

spot silver prices

were advancing by 14 cents, or 0.6%, to $23.78.

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New York spot platinum prices were adding $5, or 0.3%, to $1,697 an ounce, while its sister metal was rising.

New York spot palladium prices were up by $14, or 2.3%, to $622 an ounce.

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A group of mining stocks and precious metals ETFs were trading in positive territory Tuesday afternoon. Mining stocks offer another form of exposure to precious metals.

Barrick Gold

(ABX)

rose 0.3% to $46.67 while

Silvercorp Metals

(SVM) - Get Report

increased 1.1% to $9.21.

Silver Wheaton

(SLW)

inched up 0.2% to $27.38 and

Stillwater Mining Company

(SWC)

gained 2.3% to $17.02.

ETFS Physical Palladium Shares

(PALL) - Get Report

added 1.9% to $62.11.

-- Written by Andrea Tse in New York.

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