US Scrap Gold, COMEX Gold prices climb as Dollar weakens after US inflation data
NEW YORK (Scrap Register): United States scrap gold prices advanced on the Scrap Register Price Index as on Tuesday, tracking the up trend in gold futures prices at New York Mercantile Exchange, with the dollar weakening in the wake of monthly U.S. inflation data, as investors watched the outcome of a vote by U.K. lawmakers on Prime Minister Theresa May’s Brexit plan, which came after the finish for bullion.
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 Tuesday.
The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices gained by 0.34 to 471.802 an ounce, 736.011 an ounce, 943.604 an ounce and 1152.455 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 advanced to 446.266 an ounce, 696.175 ounce, 892.533 an ounce and 1090.080 an ounce respectively.
The most active April gold contract on the COMEX division of the New York Mercantile Exchange gained by $7 settled at $1,298.10 an ounce on after losing 0.6% Monday.
In electronic trading after the settlement, gold futures touched highs above $1,302, edging slightly higher after the Brexit vote.
(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)