Spot Gold Spikes on Corporate Misses


NEW YORK (TheStreet) -- Spot gold prices were rallying Tuesday as the corporate world disappointed with several earnings and revenue misses this week.

New York spot gold prices were rising $8.40, or 0.7%, to $1,192.50 an ounce Tuesday afternoon.
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New York spot silver prices were adding 12 cents, or 0.7%, to $17.73 an ounce.
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New York spot platinum prices, meanwhile, were up $12, or 0.8%, to $1,519 an ounce, while its sister metal was gaining traction.


New York spot palladium prices were edging up $6, or 1.4%, at $450 an ounce.

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Mining stocks and exchange-traded funds were trading in mixed territory Tuesday afternoon. Mining stocks offer another form of exposure to precious metals.

Silver Wheaton ( SLW) was adding 1.5% to $18.23 while Freeport-McMoRan Copper & Gold ( FCX) was rising 5% to $63.90.

ETFS Physical Palladium Shares ( PALL) was advancing 1.4% to $45.13 and iShares Silver Trust ( SLV) was trading 0.4% higher to $17.34.

-- Reported by Andrea Tse in New York.

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