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US Scrap Gold prices fall; Gold Futures hit more than one-week high

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NEW YORK (Scrap Register): United States scrap gold prices fell on the Scrap Register Price Index as on Monday, while gold futures prices at New York Mercantile Exchange settled at a more than one-week high, with geopolitical uncertainty helping the precious metal tally a fourth straight session gain.

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 Monday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices fell by 0.65 percent to 444.357 an ounce, 693.197 an ounce, 888.714 an ounce and 1085.416 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 420.307 an ounce, 655.6798 ounce, 840.613 an ounce and 1026.669 an ounce respectively.

The most active December gold contract on the COMEX division of the New York Mercantile Exchange rose by $2.30 to settle at $1,225.30 an ounce on Monday, the highest finish for a most-active contract since November 07.

(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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