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US Gold Scrap prices remain flat; COMEX Gold posts 2% drop for the year 2018

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NEW YORK (Scrap Register): United States scrap gold prices remained flat on the Scrap Register Price Index as on Monday, while gold futures prices at New York Mercantile Exchange dropped as stock-market volatility has driven haven-related demand.

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 showed a flat trend on Monday.

The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices remained steady at 465.236 an ounce, 725.769 an ounce, 930.472 an ounce and 1136.417 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 unchanged at 440.056 an ounce, 686.487 ounce, 880.112 an ounce and 1074.910 an ounce respectively.

The February gold contract on the COMEX division of the New York Mercantile Exchange dropped by $1.70 to settle at $1,281.30 an ounce.

Gold futures, as measured by the most-active contract, notched a roughly 2% drop for 2018, but ended up 4.6% in December and 7.2% over the last three months of the year.

(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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