Spot Gold Yields to Dollar
NEW YORK (TheStreet) -- New York spot gold prices fell Thursday, as the dollar climbed on Greek debt agitations, with the European Union indicating that the fiscally troubled nation's budget deficit could actually be worse than previously expected.
Spot gold prices were falling $4.80, or about 0.4%, to $1,141.40 an ounce Thursday afternoon.
"New York spot dealing for Thursday opened lower, as gold felt the dollar's pressure and as crude oil headed for lower ground as well," Kitco analyst Jon Nadler noted in a Thursday report.
New York spot silver prices, meanwhile, were down 10 cents, or 0.6%, to $17.97 an ounce Thursday afternoon.
New York spot platinum prices were adding $6, or 0.4%, to $1,737 an ounce, while its sister metal lost traction.
New York spot palladium prices were down $4, or 0.7%, to $560 an ounce.
Mining stocks, which offer another form of exposure to precious metals, were trading in mixed territory Thursday afternoon.
Barrick Gold
(ABX)
stock was rising 1.7% to $40.16, while
Pan American Silver
(PAAS) - Get Report
stock was down 0.5% to $25.47.
Freeport-McMoRan Copper & Gold
(FCX) - Get Report
stock was gaining 2.4% to $80.25.
Meanwhile,
ETFS Physical Palladium Shares
(PALL) - Get Report
were losing 0.4% to $56.25.
-- Reported by Andrea Tse in New York
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