Spot Gold, Silver Show Limited Uptick
NEW YORK (TheStreet) -- Spot gold prices and silver, the "poor man's gold," were in the green Monday afternoon as investors sought security amid negative stock action driven by doubts about the ability of the European Union's $113 billion bailout package of Ireland to halt European debt contagion risks and concerns about escalating tensions between North and South Korea.
Meanwhile, the U.S. dollar index strengthened as well, up 0.7% to $80.92, capping the precious metal advances.
New York spot gold prices were ticking up $1.50, or 0.1% to $1,365.70, according to Kitco's spot price index.
were tacking on 39 cents, or 1.5%, to $27.09.
Spot platinum prices were lower by $10, or 0.6%, to $1,636 an ounce as its sister metal continued advancing.
New York spot palladium prices were up $9, or 1.3%, to $688 an ounce.
Precious metal mining stocks and ETFs -- which offer another form of exposure to precious metals -- were trading in mixed territory Monday.
Shares of
Stillwater Mining
(SWC)
were diving by 5.9% to $18.83 as
Kinross Gold
(KGC) - Get Report
was dropping 2.2% to $17.45.
Hecla Mining
(HL) - Get Report
was increasing by 2.4% to $9.01, as
ETFS Physical Palladium Shares
(PALL) - Get Report
was up 1.8% to $68.68.
-- Written by Andrea Tse in New York.
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