NEW YORK ( TheStreet) -- Gold spot prices fell Friday over renewed concerns that China could tighten its monetary policy, as the country's inflation gauge shot up.

Gold spot prices fell $8.60, or about 0.7%, to $1,101.00 per ounce.

Silver and platinum prices fell and remained flat, respectively, amid the news, given that they are industrial metals that are susceptible to a cooling of industrial growth worldwide.
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Silver spot prices fell 11 cents or about 0.6% to $17.05 an ounce.
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Platinum was flat at $1,609 an ounce.
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Palladium spot prices rose $3, or about 0.7%, to $462 an ounce.

Mining stocks, which offer another form of exposure to precious metals, traded in mixed territory. Newmont Mining ( NEM) fell 1.1% to $49.90 , while Goldcorp ( GG) lost 2% at $39.20, as Goldcorp continues to face legal battles from Barrick Gold ( ABX) in the battle for control over a prized Chilean gold-copper project.

Silvercorp Metals ( SVM) fell 3.1% to $6.60 and Stillwater Mining ( SWC) added 1.1% to $14.20 after the platinum producer said that its new supply agreement with Ford ( F) won't have a definitive floor price, according to Reuters.

-- Reported by Andrea Tse in New York

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