"Spain's weekend seizure and bailout of domestic lender Caja Sur helped dent the emerging recovery in the euro and gave the U.S. dollar and gold, with it, a further boost," Kitco analyst Jon Nadler noted. Spot gold prices were rising by $18.80, or 1.6%, to $1,195.80 an ounce Monday afternoon.
NEW YORK (TheStreet) -- New York spot gold prices were firming up Monday afternoon, as Spain's rescue of a regional lender fanned the flames of worry about Europe's economy.
New York spot silver prices were adding 39 cents, or 2.2%, to $18.03 an ounce.
New York spot platinum prices, meanwhile, were advancing $26, or 1.7%, to $1,531 an ounce, while its sister metal was also gaining traction.
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New York spot palladium prices were rising $14, or 3.2%, to $448 an ounce.