NEW YORK (TheStreet) -- New York spot gold prices lost ground Wednesday afternoon as stocks got a boost from April pending-home sales data, which showed a better-than-expected increase.

Spot gold prices were falling $4.30, or 0.4%, to $1,220.80 an ounce Friday afternoon.
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New York spot silver prices were losing 13 cents, or 0.7%, to $18.28 an ounce.
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New York spot platinum prices, meanwhile, were rising $2, or 0.1%, to $1,547 an ounce, while its sister metal was losing traction.

New York spot palladium prices were down $5, or 1.1%, to $450 an ounce.

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Mining stocks and metals ETFs were largely higher Wednesday afternoon. Mining stocks offer another form of exposure to precious metals.

North American Palladium ( PAL) was rising 3.4% to $3.38, while Freeport-McMoRan Copper & Gold ( FCX - Get Report) was advancing 2.3% to $68.04.

Stillwater Mining ( SWC) was adding 3.7% to $12.73, while ETFS Physical Palladium Shares ( PALL - Get Report) was falling 1.5% to $44.99.

-- Reported by Andrea Tse in New York


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