Silver prices also firmed up in the spot market as the major U.S indices advanced. Spot silver prices increased 22 cents, or 1.3% to $17.40 an ounce.
Spot platinum prices on the other hand lost 2 cents, or 0.1% to $1,575 an ounce.
Meanwhile, palladium prices rose 17 cents, or 3.7% to $475 an ounce. Kitco analyst Jon Nadler says market analysts at Germany's Heraeus report that "UBS is saying that emerging market sale of autos are now running nearly double the pace of sales in the US, Euro Zone and Japan since 2008." Mining stocks were largely up. Stillwater Mining ( SWC) jumped 6.7% to $13.80, and North American Palladium ( PAL) rose 5% to $4.40. Silver Wheaton ( SLW) popped 3.4% to $15.60. Southern Copper ( SCCO) jumped 3.3% to $31.50, and Freeport-McMoRan Copper & Gold ( FCX) added 2.5% at $80.80. -- Reported by Andrea Tse in New York Follow TheStreet.com on Twitter and become a fan on Facebook.