• US Scrap Gold prices down; Gold Futures up slightly for the week

    UNITED STATES October 17 2016 10:01 PM

    NEW YORK (Scrap Register): United States scrap gold prices down on Friday, while gold futures prices at New York Mercantile Exchange settled lower as the dollar climbed on the back of upbeat U.S. retail sales data, but scored their first weekly gain in three weeks.

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    The major gold scrap commodities on the Scrap Register Price Index traded slightly lower on Friday. The 9ct hallmarked gold scrap prices slightly down by 0.74% to $455.324 an ounce and 14ct hallmarked gold scrap prices edged down to $710.306 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also fell at $910.648 ounce and $1112.205 an ounce respectively.

    According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices slightly fall to $430.68 an ounce and 14ct non-hallmarked gold scrap prices down to $671.861 an ounce on Friday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded slightly lower at $861.36 an ounce and $1052.008 an ounce respectively.

    The most active December gold contract on the COMEX division of the New York Mercantile Exchange fell by $2.10 to $1,255.50 an ounce on Friday. Gold futures ended the week about 0.3% higher.

    (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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