Stocks were firmly planted in positive territory Thursday afternoon as surprising reports about a fall in initial jobless claims and strong manufacturing activity in the Philadelphia region piqued investor appetite for riskier assets such as stocks and dulled some of the enthusiasm for safer investments such as gold. Intraday industry leaders included gambling, aluminum and furnishings, but consumer finance and gold mining stocks lagged. The U.S. dollar index was flattish at $80.18. New York spot gold prices fell $12, or 0.9%, to $1,367, according to Kitco's spot price index. Spot silver prices lost 10 cents, or 0.3%, to $28.69. Spot platinum prices slumped by $1, or less than 0.1%, to $1,694 an ounce, accompanying its sister metal.
NEW YORK (TheStreet) -- Spot gold prices ended lower Thursday as investors' risk appetite grew amid positive economic news and others cashed out before the markets grow quieter during the December holiday period.
New York spot palladium prices fell $10, or 1.3%, to $736 an ounce.