Spot gold prices were holding at $1,213 an ounce. Some investors, according to market watchers, were trading in their precious-metal positions for cash ahead of the Memorial Day weekend.
NEW YORK (TheStreet) -- New York spot gold prices were trading sideways Friday afternoon in advance of the long weekend holiday in the U.S.
New York spot silver prices were falling by 15 cents, or 0.8%, to $18.36 an ounce.
New York spot platinum prices, meanwhile, were decreasing $16, or 1%, to $1547 an ounce, while its sister metal was also losing traction.
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New York spot palladium prices were down $2, or 0.4%, to $461 an ounce.