NEW YORK (TheStreet) -- New York spot gold prices softened Monday as the euro lost ground on renewed Greek debt worries.

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.
Most Recent Quotes from www.kitco.com

New York spot silver prices, were up 2 cents, or 0.1% at $18.30.
Most Recent Quotes from www.kitco.com

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.

Most Recent Quotes from www.kitco.com

A handful of mining stocks -- which offer another form of exposure to precious metals -- were trading in positive territory Monday afternoon.

Stillwater Mining ( SWC) stock was rising 3.4% to $18.22, Freeport-McMoRan Copper & Gold ( FCX - Get Report) was up 1.6% at $80.81 and Silvercorp Metals ( SVM - Get Report) stock was up 0.9% to $7.70.

Meanwhile, North American Palladium ( PAL) shares were slightly higher at $5.02, up 0.8%.

-- Reported by Andrea Tse in New York

RELATED STORIES:




Follow TheStreet.com on Twitter and become a fan on Facebook.

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.