By Vibin Antony
United States gold scrap prices edged up on Wednesday, while prices in future market down on strong dollar. A stronger US dollar index that posted an 11.5-year high was a significantly bearish outside market force working against the precious metals and many other raw commodity markets on the day.
According to Scrap Register Price Index, the prices for hallmarked and non-hallmarked gold scrap slightly up on Wednesday. The prices of 9ct Gold Scrap hallmarked advanced to $441.138 an ounce and 14ct Gold Scrap hallmarked traded up at $688.175 an ounce on Wednesday.
The prices of 9ct Gold Scrap non-hallmarked rose slightly to $417.262 an ounce on Wednesday and 14ct Gold Scrap non-hallmarked traded down at $650.928 an ounce.
The most active April gold contract on the COMEX division of the New York Mercantile Exchange was last trade down by $3.90 to $1,200.50 an ounce on Wednesday.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
United States gold scrap prices edged up on Wednesday, while prices in future market down on strong dollar. A stronger US dollar index that posted an 11.5-year high was a significantly bearish outside market force working against the precious metals and many other raw commodity markets on the day.
According to Scrap Register Price Index, the prices for hallmarked and non-hallmarked gold scrap slightly up on Wednesday. The prices of 9ct Gold Scrap hallmarked advanced to $441.138 an ounce and 14ct Gold Scrap hallmarked traded up at $688.175 an ounce on Wednesday.
The prices of 9ct Gold Scrap non-hallmarked rose slightly to $417.262 an ounce on Wednesday and 14ct Gold Scrap non-hallmarked traded down at $650.928 an ounce.
The most active April gold contract on the COMEX division of the New York Mercantile Exchange was last trade down by $3.90 to $1,200.50 an ounce on Wednesday.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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