The U.S. dollar index was down 0.2% to $77.18 Friday afternoon. "The GDP numbers (at least initially), had an opposite and counterintuitive effect on the U.S. dollar," Kitco analyst Jon Nadler said in a daily report. New York spot gold prices were popping by $14.10, or 1.1%, to $1,358.20 an ounce Friday afternoon.
NEW YORK (TheStreet) -- Spot gold prices were popping Friday afternoon amid bearishness on the dollar and GDP results.
New York spot silver prices were rising by 67 cents, or 2.8%, to $24.70.
New York spot platinum prices were up by $10, or 0.6%, to $1,699 an ounce, while its sister metal was gaining ground.
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New York spot palladium prices were gaining $22, or 3.5%, to $646 an ounce. A group of mining stocks and precious metals ETFs finished in positive territory Friday afternoon. Mining stocks offer another form of exposure to precious metals. Barrick Gold ( ABX) rose 2.3% to $48.09 while Silver Wheaton ( SLW) gained 4.4% to $28.75. Stillwater Mining Company ( SWC) added 3.4% to $17.80 and ETFS Physical Palladium Shares ( PALL - Get Report) rose 2.8% to $64.48. -- 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: firstname.lastname@example.org.