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US Scrap Gold prices climb in line with COMEX Gold

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NEW YORK (Scrap Register): United States scrap gold prices climbed on the Scrap Register Price Index as on Wednesday, while gold futures prices at New York Mercantile Exchange scoring its first gain in three sessions after data showed U.S. inflation remained flat in November and the dollar took a dip after strengthening over the last two sessions.

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 gained on Wednesday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices gained by 0.037 percent to 453.142 an ounce, 706.901 an ounce, 906.283 an ounce and 1106.874 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 up to 428.616 an ounce, 668.641 ounce, 857.232 an ounce and 1046.966 an ounce respectively.

The February gold contract on the COMEX division of the New York Mercantile Exchange advanced by $2.80 to settle at $1,250 an ounce on Wednesday.

The consumer-price index was unchanged in November, matching the forecast of economists polled by MarketWatch. Core CPI, which strips out volatile food and energy costs, rose 0.2%, also in line with expectations.

(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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