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Spot Gold Prices Weaken on Data

Spot gold prices are tumbling Monday amid a slight rally in the equity markets, after a spate of better-than-expected earnings reports, and weak housing data.
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NEW YORK (TheStreet) -- Spot gold prices were tumbling Monday amid a slight rally in the equity markets, after a spate of better-than-expected earnings reports, and weak housing data.

New York spot gold prices were falling $11.10, or 0.9%, to $1,181.90 an ounce Monday afternoon.

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New York spot silver prices were losing 30 cents, or 1.7%, to $17.56 an ounce.

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New York spot platinum prices, meanwhile, were surrendering $2, or 0.1%, to $1,505 an ounce, while its sister metal was falling.

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New York spot palladium prices were down by $3, or 0.7%, at $445 an ounce.

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Mining stocks and exchange-traded funds (ETFs) were trading in mixed territory Monday afternoon. Mining stocks offer another form of exposure to precious metals.

Silver Wheaton

(SLW)

was down 3.4% to $17.96, while

Freeport-McMoRan Copper & Gold

(FCX) - Get Report

was rising 1.5% to $60.97.

ETFS Physical Palladium Shares

(PALL) - Get Report

was sliding 0.6% to $44.32 and

iShares Silver Trust

(SLV) - Get Report

was trading 1.6% lower to $17.21.

-- Reported by Andrea Tse in New York.

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>> Spot Metals Roundup, 7/16: Spot Gold Prices Tumble

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