UNITED STATES April 15 2015 10:10 AM
NEW YORK (Scrap Register): United States scrap gold prices declined on Tuesday in line with COMEX gold prices, but up from solid losses that saw prices hit a two-week low in early trading.
As per Scrap Register Price Index, the prices of 9ct Gold Scrap hallmarked declined to $ 436.1 an ounce and 14ct Gold Scrap hallmarked traded down at $ 680.316 an ounce on Tuesday.
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The prices of 9ct Gold Scrap non-hallmarked declined to $ 412.497 an ounce on Tuesday and 14ct Gold Scrap non-hallmarked traded down at $ 643.495 an ounce.
The most active June gold contract on the COMEX division of the New York Mercantile Exchange settled down $6.90 at $$1,192.50 an ounce on Tuesday.
Gold prices recovered about half of the losses seen earlier Tuesday when a weaker-than-expected US retail sales report and an ensuing sharp drop in the US dollar index provided an upside lift to the metals.
(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)