US Scrap Gold prices advance; COMEX Gold marks second weekly gain in a row

UNITED STATES June 13 2016 6:36 PM     

NEW YORK (Scrap Register): United  States scrap gold prices advanced on Friday, while gold futures prices at New  York Mercantile Exchange settled higher to notch a second-straight weekly gain,  as weakness in global equities helped to boost the metal’s haven  appeal.

The major gold scrap commodities on the  Scrap Register Price Index traded up on Friday. The 9ct hallmarked gold scrap  prices gained to $463.963 an ounce and 14ct hallmarked gold scrap prices  increased to $723.782 an ounce. The 18ct hallmarked gold scrap and 22ct  hallmarked gold scrap prices also up at $927.926 ounce and $1133.307 an ounce  respectively.

According to Scrap Register Price Index, the 9ct  non-hallmarked gold scrap prices advanced to $438.852 an ounce and 14ct  non-hallmarked gold scrap prices up to $684.609 an ounce on Friday. The 18ct  non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also  traded higher at $877.703 an ounce and $1071.968 an ounce  respectively.

The most active August gold contract on the COMEX division  of the New York Mercantile Exchange settled higher by $3.20 to $1,275.90 an  ounce on Friday, finishing at the highest level in more than three weeks. For  the week, prices gained 2.7%.