NEW YORK (Scrap Register): United States scrap gold prices advanced on the Scrap Register Price Index as on Monday, while gold futures prices at New York Mercantile Exchange settled higher as declines in the U.S. dollar index sent prices to the highest finish in three weeks.
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The major gold scrap commodities on the Scrap Register Price Index gained on Monday. The 9ct hallmarked gold scrap prices advanced to $457.907 an ounce and 14ct hallmarked gold scrap prices rose to $714.334 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also traded higher at $915.813 ounce and $1118.513 an ounce respectively.
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices climbed to $433.123 an ounce and 14ct non-hallmarked gold scrap prices gained to $675.672 an ounce on Monday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also advanced to $866.246 an ounce and $1057.975 an ounce respectively.
The most active June gold contract on the COMEX division of the New York Mercantile Exchange rose by $7.80 to end at $1,261.40 an ounce on Monday, the highest settlement since April 28.
Yellow metal has scored a roughly 2.1% advance last week, a trading stretch marked by rising volatility and political unrest in the White House. That was the largest such return since the week ended April 13. The yellow metal has climbed in eight of the past nine sessions.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
