UNITED STATES March 18 2015 8:40 PM
NEW YORK (Scrap Register): United States scrap gold prices slipped on Wednesday in line in with COMEX gold prices. Gold future prices are not straying too far from unchanged levels in subdued activity early Wednesday.
The market place anxiously awaits the conclusion of the latest FOMC meeting Wednesday afternoon. Look for potentially volatile trading in the immediate aftermath of the FOMC statement.
According to Scrap Register Price Index, the prices for hallmarked and non-hallmarked gold scrap slightly down on Wednesday. The prices of 9ct Gold Scrap hallmarked slightly down at $ 417.949 an ounce and 14ct Gold Scrap hallmarked traded almost flat at $ 651.007 an ounce on Wednesday.
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The prices of 9ct Gold Scrap non-hallmarked slightly down at $395.328 an ounce on Wednesday and 14ct Gold Scrap non-hallmarked traded down at $ 616.711 an ounce.
The most active April gold contract on the COMEX division of the New York Mercantile Exchange was last trade slightly down by $0.70 at $1,147.40 an ounce on early Wednesday.
As per Scrap Register Price Index, aluminium, brass, electronic, lead and zinc scrap commodities showed a flat trend on Wednesday, while copper scrap price traded slightly down.
(This article is compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to email@example.com)