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US Gold Scrap prices remain stable; Gold Futures down 1.4% in December

iconJan 3, 2017 12:01
United States scrap gold prices remained stable on Friday, while gold futures prices at NYME settled lower as the dollar index pulled back from the 14-year highs it hit late this month.

UNITED STATES January 02 2017 6:41 PM

NEW YORK (Scrap Register): United States scrap gold prices remained stable on Friday, while gold futures prices at New York Mercantile Exchange settled lower as the dollar index pulled back from the 14-year highs it hit late this month.
The 9ct hallmarked gold scrap prices stayed flat at $416.821 an ounce and 14ct hallmarked gold scrap prices at $650.241 an ounce on Friday. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also unchanged at $833.642 ounce and $1018.155 an ounce respectively. 
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices stayed flat at $394.261 an ounce and 14ct non-hallmarked gold scrap prices at $615.048 an ounce on Friday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices unchanged at $788.522 an ounce and $963.049 an ounce respectively. 
The most active February gold contract on the COMEX division of the New York Mercantile Exchange fell by $1 to $1,157.10 an ounce on Friday, but had earlier traded up to $1,164. The slim moves looked to leave the contract’s weekly gain at about 2%, and would trim December’s decline to 1.4%.
Gold futures moved in and out of positive territory Friday, risking a fifth straight session gain, but still on track to snap what had been the longest weekly losing streak in more than 12 years.
Thanks to strong early-year performances, both gold and silver will log sizable gains for the year, their best annual showing since 2012.

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