UNITED STATES January 19 2016 7:35 PM
NEW YORK (Scrap Register): United States gold scrap prices declined on Monday, while gold futures prices at New York Mercantile Exchange steadied in holiday-thinned trade.
The major gold scrap commodities on the Scrap Register Price Index traded down on Monday. The 9ct hallmarked gold scrap prices declined to $396.196 an ounce and 14ct hallmarked gold scrap prices dropped to $618.067 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also decreased at $792.393 ounce and $967.776 an ounce respectively.
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices fell to $374.753 an ounce and 14ct non-hallmarked gold scrap prices down to $584.614 an ounce on Monday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded lower at $749.506 an ounce and $915.396 an ounce respectively.
The most active February gold contract on the COMEX division of the New York Mercantile Exchange were down by $1.60 to $1,089.10 an ounce on Monday, while spot gold was little changed at $1,088.87 an ounce at 1502 GMT.
Prices have risen nearly 3 percent so far this year after weak economic data in China and a fresh move lower in the yuan in early January prompted a sell-off in Chinese stocks, which spilled over into global markets.
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