Scrap Gold, Silver and Platinum prices advanced 18th Jan, 2016

Published: Jan 20, 2016 09:34
The scrap gold, silver and platinum prices surged higher on 18th January, 2016.

By Paul Ploumis (ScrapMonster Author)

January 19, 2016 04:37:26 AM

SEATTLE (Scrap Monster): The daily scrap gold prices - hallmarked and non- hallmarked went higher on Monday, 18th January, 2016 on the ScrapMonster Price Index. The prices of scrap silver and Platinum too climbed higher on Index.

In the Hallmarked category, the 14 carat gold scrap prices were up by $ 5.30 per Oz. The prices of 18 carat and 22 carat gold scrap went higher by $ 6.80 and $ 8.31 per Oz respectively.9 carat gold scrap also edged higher by $ 3.40 per Oz. The price of Platinum scrap witnessed a jump of $ 2.92 per Oz to reach $ 611.73 per Oz. Silver scrap prices were marginally higher by $ 0.06 per Oz.

In the Non-Hallmarked category, the 14 carat gold scrap prices went higher by $ 5.02 per Oz. The prices of 18 carat and 22 carat gold scrap too went up by $ 6.43 and $ 7.86 per Oz respectively.9 carat gold scrap also increased by $ 3.22 per Oz. The price of Platinum scrap saw increase of $ 2.92 per Oz. Also, silver scrap prices were up by $ 0.06 per Oz to touch $ 10.14 per Oz.



Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
1 hour ago
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Read More
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution
Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.
1 hour ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
1 hour ago
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Read More
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation
All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.
1 hour ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
1 hour ago
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Read More
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027
The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.
1 hour ago