US Gold Scrap prices edge up; Gold Futures hit lowest since February

UNITED STATES December 14 2016 9:38 PM

NEW YORK (Scrap Register): United States scrap gold prices edged up on Tuesday, while gold futures prices at New York Mercantile Exchange finished at its lowest level since early February, a casualty of the risk-on sentiment among investors that’s included a record-setting stock climb, higher oil prices and a stronger dollar.
The major gold scrap commodities on the Scrap Register Price Index traded higher on Tuesday. The 9ct hallmarked gold scrap prices gained by 0.212% to $421.423 an ounce and 14ct hallmarked gold scrap prices edged higher to $657.419 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also higher at $842.845 ounce and $1029.395 an ounce respectively.
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices climbed to $398.614 an ounce and 14ct non-hallmarked gold scrap prices down to $621.837 an ounce on Tuesday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded slightly lower at $797.227 an ounce and $973.680 an ounce respectively.
The most active February gold contract on the COMEX division of the New York Mercantile Exchange down by $6.80 to $1,159 an ounce on Tuesday, the lowest futures price settlement in about 10 months.