NEW YORK (TheStreet) -- Spot gold prices have been falling Wednesday afternoon, as the yellow metal loses some of its appeal amid a rebound in U.S. stocks.

New York spot gold prices were falling $5.20, or 0.4%, to $1,229.20 an ounce Wednesday afternoon.
Most Recent Quotes from

New York spot silver prices were losing 10 cents, or 0.5%, to $18.44 an ounce.
Most Recent Quotes from

New York spot platinum prices, meanwhile, were declining $4, or 0.3%, to $1,569 an ounce, while its sister metal was gaining traction.

New York spot palladium prices were rising $2, or 0.4%, to $472 an ounce.

Most Recent Quotes from

Mining stocks and metals ETFs were trading in mixed territory Wednesday afternoon. Mining stocks offer another form of exposure to precious metals.

Silvercorp Metals ( SVM - Get Report) was rising 4.4% to $7.12, while North American Palladium ( PAL) was falling 2.3% to $3.41.

ETFS Physical Palladium Shares ( PALL - Get Report) was inching up by 0.2% to $47.29 and Newmont Mining ( NEM - Get Report) was jumping by 3.4% to $58.26.

-- Reported by Andrea Tse in New York


Follow on Twitter and become a fan on Facebook.

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 This material may not be published, broadcast, rewritten, or redistributed.