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.

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.
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New York spot silver prices were trading sideways at $18.12 an ounce.
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New York spot platinum prices, meanwhile, were increasing $15, or 1%, to $1,539 an ounce, while its sister metal was gaining traction.

New York spot palladium prices were higher by $12, or 2.6%, at $466 an ounce.

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Several mining stocks and exchange-traded funds (ETFs) were trading in positive territory Thursday afternoon. Mining stocks offer another form of exposure to precious metals.

Stillwater Mining ( SWC) was rising 2.4% to $13.81, while Freeport-McMoRan Copper & Gold ( FCX) was up 3.4% to $71.13.

ETFS Physical Palladium Shares ( PALL) was adding 2.8% to $46.74, while iShares Silver Trust ( SLV) was edging 0.2% higher to $17.75.

-- Reported by Andrea Tse in New York.


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