United States scrap gold prices continued to advance on the Scrap Register Price Index as on Monday, while gold futures prices at New York Mercantile Exchange settled lower, pulling back from the nearly five-month high they settled at late last week, as the U.S. dollar strengthened at the expense of the British pound.
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 gained on Monday.
The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices advanced by 0.164 percent to 452.996 an ounce, 706.674 an ounce, 905.992 an ounce and 1106.518 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 428.478 an ounce, 668.426 ounce, 856.956 an ounce and 1046.630 an ounce respectively.
The February gold contract on the COMEX division of the New York Mercantile Exchange dropped by $3.20 to settle at $1,249.40 an ounce on Monday.
Gold notched its highest close since July on Friday as it logged its biggest weekly gain since August, all in the wake of market turmoil that sent stocks reeling and pressured Treasury yields and the U.S. dollar.
(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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