Spot gold prices were inching down $3.80, or about 0.3%, to $1,153.70 an ounce Monday afternoon. "'Not so fast,' said certain German officials over the weekend, as Greece awaited what was thought to be a sure thing; its rescue package full of euro bills," Kitco analyst Jon Nadler noted in a Monday report. "In fact, Berlin appears to actually be opposed to sending such a package (containing almost 8.5 billion from Germany) over to Athens without the presentation of a 'credible debt-reduction program.'" Nadler said that the euro lost ground again on "such foot-dragging" and ongoing uncertainty in Europe regarding a debt rescue package for Greece, while the dollar showed more strength.
NEW YORK (TheStreet) -- New York spot gold prices softened Monday as the euro lost ground on renewed Greek debt worries.
New York spot silver prices, were up 2 cents, or 0.1% at $18.30.
New York spot platinum prices meanwhile edged up $2, or 0.1% to $1,743 an ounce, while its sister metal gained a bit of traction.
New York spot palladium prices were inching up $1, or 0.2%, at $562 an ounce.
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