NEW YORK (TheStreet) -- Spot gold prices achieved traction even as the dollar gained ground, the euro fell, and the region's debt worries toyed with the minds of investors.

Spot gold prices were rising $14.60, or about 1.3%, to $1,167.60 an ounce Tuesday afternoon.

Both Greece and Portugal's credit ratings were downgraded by Standard & Poor's. The former's has been reduced to junk status and the latter's has been downgraded two notches.
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New York spot silver prices were down 9 cents, or 0.5% at $18.19.
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New York spot platinum prices, meanwhile edged down $18, or 1% to $1,723 an ounce, while its sister metal lost traction.

New York spot palladium prices were falling $13, or 2.3%, at $551 an ounce.

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A handful of mining stocks were trading in the red Tuesday afternoon. Mining stocks offer another form of exposure to precious metals.

Stillwater Mining ( SWC) stock tumbled 7.1% to $16.82, Freeport-McMoRan Copper & Gold ( FCX - Get Report) fell 4.5% at $76.82, and Newmont Mining ( NEM - Get Report) was up 1.2% at $53.85.

Meanwhile, North American Palladium ( PAL) shares were lower at $4.82, down 3.7%.

ETFS Physical Palladium Shares ( PALL - Get Report) were down 2.4% at $55.17.

-- Reported by Andrea Tse in New York


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