NEW YORK (TheStreet) -- New York spot gold prices made some gains Tuesday afternoon as money went into safe-haven buying amid renewed fears of a euro debt spillover effect after Spain bailed out a regional bank over the weekend.

Asian markets have also been tight as a result of escalating tension between North Korea and South Korea over the fatal sinking of a South Korean warship in March.

Spot gold prices were rising by $3.80, or 0.3%, to $1196.10 an ounce Tuesday afternoon.
Most Recent Quotes from www.kitco.com

New York spot silver prices were falling 12 cents, or 0.7%, to $17.77 an ounce.
Most Recent Quotes from www.kitco.com

New York spot platinum prices, meanwhile, were declining $36, or 2.4%, to $1,491 an ounce, while its sister metal was also losing traction.


New York spot palladium prices were giving up $14, or 3.2%, to $431 an ounce.

Most Recent Quotes from www.kitco.com

Mining stocks and metals ETFs were heading lower Tuesday afternoon. Mining stocks offer another form of exposure to precious metals.

North American Palladium ( PAL) was tumbling 5.2% to $3.10, while ETFS Physical Palladium Shares ( PALL - Get Report) was surrendering 3.8% to $43.16.

Silvercorp Metals ( SVM - Get Report) was falling 3.5% to $6.85 and Silver Wheaton ( SLW) was losing 3.2% to $17.54.

-- Reported by Andrea Tse in New York

RELATED STORIES:




Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.