Helping stocks were Germany's approval of the euro zone rescue package and the Senate's approval of the financial reform bill. Spot gold prices were dropping by $6.40, or 0.5%, to $1176.60 an ounce Friday afternoon.
NEW YORK (TheStreet) -- New York spot gold prices were drifting lower Friday afternoon, with investors continuing to cash in the yellow metal to fulfill margin calls in other markets, even as U.S. equities rebounded some.
New York spot silver prices were rising 2 cents, or 0.1%, to $17.65 an ounce.
New York spot platinum prices, meanwhile, were falling $3, or 0.2%, to $1507 an ounce, while its sister metal was gaining traction.
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New York spot palladium prices were adding $19, or 4.6%, to $434 an ounce.