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.
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.
New York spot silver prices were down 9 cents, or 0.5% at $18.19.
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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