NEW YORK (TheStreet) -- New York spot gold prices softened Monday afternoon as news about promising euro-region emergency aid talks for debt-ladened Greece that occurred over the weekend continued to spread.

Spot gold prices were falling $1.60, or about 0.1%, to $1,159.80 an ounce.

"Against this background of uncertainties related to fears of Greece defaulting on debtgold prices climbed, " Kitco analyst Jon Nadler wrote in a report on Monday.
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New York spot silver prices, meanwhile, were down 6 cents, or 0.3%, to $18.33 an ounce Monday afternoon.
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New York spot platinum prices were rising $10, or 0.6%, to $1,731 an ounce, while its sister metal gained ground.

New York spot palladium prices were up $8, or 1.6% to $519 an ounce.

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Mining stocks, which offer another form of exposure to precious metals, were trading in mixed territory Monday afternoon.

Kinross Gold ( KGC - Get Report) stock has risen 0.2% to $18.60, while Stillwater Mining ( SWC) shares are at $15.70. North American Palladium ( PAL) is down 1.7% to $4.70.

Meanwhile, ETFS Physical Palladium Shares ( PALL - Get Report) have risen 1.6% to $52.10.

-- Reported by Andrea Tse in New York


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