US Scrap Gold prices fall; COMEX Gold pulls back from two-week high

New York (Jan 18)  United States scrap gold prices fell on the Scrap Register Price Index as on Thursday, tracking the up trend in gold futures prices at New York Mercantile Exchange as risk sentiment got a boost from hopes of progress in U.S.-China trade talks.

 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 Thursday.

 The 9ct hallmarked gold scrap, 14ct hallmarked gold scrap, 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices down by 0.13 to 469.492 an ounce, 732.408 an ounce, 938.984 an ounce and 1146.813 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 dropped to 444.081 an ounce, 692.767 ounce, 888.163 an ounce and 1084.743 an ounce respectively.

 The most active February gold contract on the COMEX division of the New York Mercantile Exchange edged down by $1.50 to settle at $1,292.30 an ounce. It settled Wednesday at an almost two-week high of $1,293.80, on the back of political turmoil in the U.K. and U.S.

ScrapRegister

Silver Phoenix Twitter                 Silver Phoenix on Facebook