US Scrap Gold prices fall tracking the weakness in Gold Futures
NEW YORK (Scrap Register): United States scrap gold prices fell on the Scrap Register Price Index as on Friday, tracking the weakness in gold futures prices at New York Mercantile Exchange as it failed to find support from U.S.-China trade tensions amid overall strength in the U.S. dollar this week.
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 dropped on Friday.
The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices down by 0.33 percent to 453.196 an ounce, 706.986 an ounce, 906.302 an ounce and 1107.007 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 fell to 428.667 an ounce, 668.7213 ounce, 857.335 an ounce and 1047.092 an ounce respectively.
The most active August gold contract on the COMEX division of the New York Mercantile Exchange declined by $5.40 to $1,241.20 an ounce on Friday. It lost 0.9% on Wednesday, marking its lowest for a most-active contract since July 17, 2017.