Spot gold prices were inching up by $3.50, or about 0.3%, to $1,182.80 an ounce Monday afternoon. Over the weekend, jewelry buyers in India "steered clear of their local bazaar ... following gold's momentum and fund-driven price spike to five-month highs on Friday," Kitco analyst Jon Nadler wrote in his daily metals report Monday.
NEW YORK (TheStreet) -- Spot gold prices have firmed up Monday afternoon as a Greek rescue plan worth $147 billion was proposed and announced by European finance ministers Sunday and the debt-laden country agreed to live up to tough austerity measures.
New York spot silver prices were rising about 20 cents, or 1.1%, at $18.84.
New York spot platinum prices, meanwhile, were losing $13, or 0.8%, to $1,726 an ounce, while its sister metal was losing traction.
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New York spot palladium prices were falling $4, or 0.7%, at $545 an ounce.
Twitter and become a fan on Facebook. -- Reported by Andrea Tse in New York
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