Following a sharp rally in the yellow metal on Thursday, New York spot gold prices were falling $5.80, or 0.5%, to $1,188.70 an ounce Friday afternoon, though some market players were holding fast and staying on the sidelines.
NEW YORK ( TheStreet) -- Spot gold prices inched lower Friday as the greenback rose against the euro in the wake of European bank stress-test results, which showed that seven out of 91 institutions failed.
New York spot silver prices were trading sideways at $18.12 an ounce.
New York spot platinum prices, meanwhile, were increasing $15, or 1%, to $1,539 an ounce, while its sister metal was gaining traction.
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New York spot palladium prices were higher by $12, or 2.6%, at $466 an ounce.
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