NEW YORK (Scrap Register): United States scrap gold prices declined on Thursday in line with gold futures prices at New York Mercantile Exchange, pulling back after a five-session streak of gains lifted prices to their highest level in about 13 weeks.
The major gold scrap commodities on the Scrap Register Price Index traded slightly lower on Thursday. The 9ct hallmarked gold scrap prices dropped slightly by 0.901% to $449.886 an ounce and 14ct hallmarked gold scrap prices edged lower to $701.822 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also lower at $899.772 ounce and $1098.922 an ounce respectively.
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According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices declined to $425.536 an ounce and 14ct non-hallmarked gold scrap prices down to $663.837 an ounce on Thursday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded slightly lower at $851.073 an ounce and $1039.444 an ounce respectively.
The most active April gold contract on the COMEX division of the New York Mercantile Exchange rose by $2.70 to $1,236.80 an ounce on Thursday, giving back most of the 0.3% it gained a day earlier.
Prices posted gains in each of the last five trading sessions to settle Wednesday at their highest level since November 10.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
