US Scrap Gold prices fall further; Gold Futures drop but stays above $1,200 an ounce
NEW YORK (Scrap Register): United States scrap gold prices fell further on the Scrap Register Price Index as on Tuesday, tracking the weakness in gold futures prices at New York Mercantile Exchange as the next jabs emerged in the intensifying US-China trade dispute, prompting cautious trading in the US dollar.
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 declined on Tuesday.
The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices dropped by 0.15 percent to 436.573 an ounce, 681.053 an ounce, 873.146 an ounce and 1066.402 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 declined to 412.944 an ounce, 644.192 ounce, 825.888 an ounce and 1008.684 an ounce respectively.
The most active December gold contract on the COMEX division of the New York Mercantile Exchange fell by $2.90 to settle at $1,202.90 an ounce on Tuesday.
Prices for the most-active contract have now settled above $1,200 for six-consecutive trading sessions. They gained 0.4% on Monday.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to firstname.lastname@example.org)