United States scrap gold prices advanced on Tuesday, while future gold prices traded down on a downside correction following good gains that pushed prices to a six-week high on Monday. A sharply higher US dollar index on this day also worked against the precious metals markets.
The most active June gold contract on the COMEX division of the New York Mercantile Exchange settled down $9.70 at $1,208.80 an ounce on Tuesday.
According to Scrap Register Price Index, the prices for hallmarked and non-hallmarked gold scrap advanced on Thursday followed by the yellow metal’s up-trend in future market on Monday.
The prices of 9ct Gold Scrap hallmarked advanced to $439.592 an ounce and 14ct Gold Scrap non-hallmarked traded up at $685.763 an ounce.
The prices of 9ct Gold Scrap non-hallmarked rose to $415.80 an ounce and 14ct Gold Scrap non-hallmarked traded up at $648.647 an ounce.
Zhejiang Yaang Pipe Industry Co., Limited (www.yaang.com)