NEW YORK (TheStreet) -- Spot gold prices were attempting to claw their way into neutral territory Monday afternoon after suffering a wave of selling pressure that occurred as investors took profits and raised cash across the commodities complex.

Downward pressure carried over from last week as the appetite for stocks got a boost from positively surprising October retail sales and big merger headlines. This was offset by disappointing New York regional manufacturing data and bargain hunting, which provided the yellow metal with a lift.

New York spot gold prices were flat at $1,367.80 an ounce.

New York spot silver prices were falling by 11 cents, or 0.4%, to $25.93.
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New York spot platinum prices were rising by $10, or 0.6%, to $1,676 an ounce, while its sister metal was trading sideways.


New York spot palladium prices were flat at $676 an ounce.

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Mining stocks and precious metals ETFs were trading in the red Monday afternoon. Mining stocks offer another form of exposure to precious metals.

Kinross Gold ( KGC - Get Report) was falling by 1.9% to $18 and Stillwater Mining ( SWC) was tumbling by 3.5% to $19.33. Pan American Silver ( PAAS - Get Report) was losing 1.7% to $36.14 and North American Palladium ( PAL) was inching down by 0.9% to $5.28.

ETFS Physical Palladium Shares ( PALL - Get Report) was falling by 1.3% to $67.11 while ETFS Physical Platinum Shares ( PPLT - Get Report) was 0.2% lower to $166.80.

-- Written by Andrea Tse in New York.

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