NEW YORK (Scrap Register): United States scrap gold prices declined on Friday, while gold futures prices at New York Mercantile Exchange settled at a three-month low, as continued strength in the U.S. dollar helped push prices for the metal toward lows last seen in late February.
For Live US Scrap Gold Prices Log on to Scrap Register
The major gold scrap commodities on the Scrap Register Price Index traded down on Friday. The 9ct hallmarked gold scrap prices declined to $442.411 an ounce and 14ct hallmarked gold scrap prices decreased to $690.161 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also down at $884.822 ounce and $1080.662 an ounce respectively.
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices dropped to $418.466 an ounce and 14ct non-hallmarked gold scrap prices down to $652.807 an ounce on Friday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded lower at $836.932 an ounce and $1022.173 an ounce respectively.
The most active June gold contract on the COMEX division of the New York Mercantile Exchange settled lower by $6.60 to $1,213.80 an ounce on Friday, the lowest settlement since February 22.
Yellow metal prices continued to fall as U.S. Federal Reserve Chairwoman Janet Yellen, during an interview that began shortly before the gold futures settlement, said an interest-rate increase could be appropriate in the coming months.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
