US Scrap Gold prices edge up; Gold Futures fall 3 percent so far in December

NEW YORK (Scrap Register): United States scrap gold prices edged up on Wednesday, while gold futures prices at New York Mercantile Exchange ended slightly lower as the precious metal struggled to push higher, even as the dollar retreated from a 14-year high.
The major gold scrap commodities on the Scrap Register Price Index traded slightly up on Wednesday. The 9ct hallmarked gold scrap prices edged up by 0.706% to $412.365 an ounce and 14ct hallmarked gold scrap prices up to $643.290 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also gained to $824.730 ounce and $1007.271 an ounce respectively.
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices slightly advanced to $390.046 an ounce and 14ct non-hallmarked gold scrap prices up to $608.472 an ounce on Wednesday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded slightly higher at $780.093 an ounce and $952.753 an ounce respectively.
The most active February gold contract on the COMEX division of the New York Mercantile Exchange down by 40 cents to $1,133.20 an ounce on Wednesday. On Tuesday, the yellow metal saw a 0.8% loss.
Gold has fallen 3.2% so far in December, weighed by a rising dollar and higher interest rates. As gold is priced in dollars, any advances for the greenback makes the metal more expensive for other currency holders.