United States scrap gold prices advanced on the Scrap Register Price Index as on Friday, while gold futures prices at New York Mercantile Exchange marked their highest settlment since July, logging their biggest weekly gain since August following market turmoil that sent stocks reeling and pressured Treasury yields and the U.S. dollar.
The major gold scrap commodities prices including 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap, 22ct hallmarked gold scrap, 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap on the Scrap Register Price Index climbed on Friday.
The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices advanced by 0.07 percent to 452.250 an ounce, 705.511 an ounce, 904.501 an ounce and 1104.697 an ounce respectively.
The 9ct non-hallmarked gold scrap, 14ct non-hallmarked gold scrap, 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices gained to 427.773 an ounce, 667.326 ounce, 855.546 an ounce and 1044.907 an ounce respectively.
The February gold contract on the COMEX division of the New York Mercantile Exchange gained by $9 to settle at $1,252.60 an ounce on Friday.
For the week, gold was up 2.2%, which was the biggest such gain since a 2.5% rise in the week ended August 24. Gold also settled at its highest since July 10, trimming its year-to-date loss to less than 5%.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
No comments:
Post a Comment