US Scrap Gold prices decline on Friday in line with Gold Futures

UNITED STATES April 17 2015 3:42 PM

NEW YORK (Scrap Register): United States scrap gold prices declined on Friday in line with gold futures prices. COMEX gold ended lower on Tuesday, after regional US data showed stronger-than-expected business activity this month.

 

As per Scrap Register Price Index, the prices of 9ct Gold Scrap hallmarked declined to $438.082 an ounce and 14ct Gold Scrap hallmarked traded down at $683.408 an ounce on Friday.

 

The prices of 9ct Gold Scrap non-hallmarked declined to $414.372 an ounce on Friday and 14ct Gold Scrap non-hallmarked traded down at $646.42 an ounce. 

 

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The most active June gold contract on the COMEX division of the New York Mercantile Exchange settled down $3.10 at $1,198.20 an ounce on Thursday.

 

Mid-Atlantic manufacturers are expanding at a faster pace in April, according to an index of business activity covering the regional factory sector and compiled by the Federal Reserve Bank of Philadelphia. The index rose to 7.5 in April, from 5.0 in March, the Philadelphia Fed said Thursday. Economists surveyed by The Wall Street Journal expected a reading of 7.2. 

 

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)