UNITED STATES November 08 2016 7:02 PM
NEW YORK (Scrap Register): United States scrap gold prices traded lower on Monday, while gold futures prices at New York Mercantile Exchange suffered their largest one-day percentage loss in about five weeks.
The major gold scrap commodities on the Scrap Register Price Index traded lower on Monday. The 9ct hallmarked gold scrap prices dropped by 1.52% to $466.709 an ounce and 14ct hallmarked gold scrap prices edged lower to $728.067 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also down at $933.419 ounce and $1140.016 an ounce respectively.
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices fell to $441.449 an ounce and 14ct non-hallmarked gold scrap prices down to $688.661 an ounce on Monday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded slightly lower at $882.899 an ounce and $1078.314 an ounce respectively.
The most active December gold contract on the COMEX division of the New York Mercantile Exchange slid by $25.10 to $1,279.40 an ounce on Monday. That was the lowest settlement since Oct. 27 and largest single-session percentage loss since October 04.
Gold futures fell on Monday as haven assets took a hit in the wake of news that the Federal Bureau of Investigation said it won’t bring charges against Hillary Clinton over a batch of newly discovered emails.