Spot Gold Prices Up Despite Market Gains


NEW YORK (TheStreet) -- Spot gold prices are firming up even as the broader U.S. stock indices continue to exhibit strength throughout Friday's trading session.

Spot gold prices were gaining $10.90, or 0.9%, to $1,209.40 an ounce Friday afternoon.
Most Recent Quotes from www.kitco.com

New York spot silver prices were up 13 cents, or 0.7%, to $18.09 an ounce.
Most Recent Quotes from www.kitco.com

New York spot platinum prices, meanwhile, were rising $11, or 0.7%, to $1,529 an ounce, while its sister metal was gaining ground.


New York spot palladium prices were adding $10, or 2.2%, to $456 an ounce.

Most Recent Quotes from www.kitco.com

A handful of mining stocks were trading in the red Friday afternoon. Mining stocks offer another form of exposure to precious metals.

Stillwater Mining Company ( SWC) was rising 3.8% to $12.41, while Silver Wheaton ( SLW) was adding 3% to $19.33.

Hecla Mining ( HL) was up 2.4% at $5.05 and Barrick Gold ( ABX) was rising 2.3% to $43.56.

-- Reported by Andrea Tse in New York.

RELATED STORIES:




Get more stock ideas and investing advice on our sister site, Stockpickr.com.

Follow Andrea Tse on Twitter and become a fan on Facebook.

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 This material may not be published, broadcast, rewritten, or redistributed.

More from Stocks

Dow Futures Pop Despite Rising Trade War Fears

Dow Futures Pop Despite Rising Trade War Fears

Why GE's Stock Has Fallen 9% in the Last 30 Days

Why GE's Stock Has Fallen 9% in the Last 30 Days

5 Stock Picks Under $10 for Millennials

5 Stock Picks Under $10 for Millennials

3 Complicated Investing Strategies Millennials Love

3 Complicated Investing Strategies Millennials Love

Tyson Foods CEO: We Aren't Done Making Deals

Tyson Foods CEO: We Aren't Done Making Deals