NEW YORK (TheStreet) -- Spot gold prices regained some momentum Tuesday afternoon after the Federal Open Market Committee provided investors with more clarity on where the economy is headed.

As many had expected, the FOMC again kept its target interest rate near zero.

New York spot gold prices were gaining $10.90, or 0.9%, to $1,289.40 an ounce Tuesday afternoon.
Most Recent Quotes from www.kitco.com

New York spot silver prices were rising by 20 cents, or 1%, at $20.93 an ounce.
Most Recent Quotes from www.kitco.com

New York spot platinum prices, meanwhile were rising by $2, or 0.1%, to $1,625 an ounce, while its sister metal was slipping.


New York spot palladium prices were falling by $3, or 0.6%, to $534 an ounce.

Most Recent Quotes from www.kitco.com

A number of mining stocks, which offer another form of exposure to precious metals, traded in mixed territory Tuesday afternoon.

Newmont Mining ( NEM - Get Report) stock was rising by 1.6% to $64.26, and Barrick Gold ( ABX) was adding 0.9% to $46.85.

Pan American Silver ( PAAS) was falling 0.8% to $28.63, and Silver Wheaton ( SLW) was inching up by 0.1% to $25.12. Earnings Calendar

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to: tips@thestreet.com.

RELATED STORIES:




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 This material may not be published, broadcast, rewritten, or redistributed.