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US Scrap Gold prices advance; COMEX Gold falls from 2-week high

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NEW YORK (Scrap Register): United States scrap gold prices advanced on the Scrap Register Price Index as on Thursday, while gold futures prices at New York Mercantile Exchange settled lower, pulling back a day after scoring their highest finish in two weeks even as a benchmark dollar index extended its losses for the week to date.

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 climbed on Thursday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices advanced by 1.18 percent to 440.065 an ounce, 686.501 an ounce, 880.129 an ounce and 1074.931 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 climbed to 416.247 an ounce, 649.345 ounce, 832.494 an ounce and 1016.752 an ounce respectively.

The most active December gold contract on the COMEX division of the New York Mercantile Exchange dropped by $2.70 to settle at $1,208.20 an ounce on Thursday, after climbing to a roughly two-week intraday high of $1,218. The contract settled at $1,210.90 Wednesday—the highest since August 29.

(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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