US Scrap Gold prices decline; Gold Futures mark strongest weekly gain since June 10

NEW YORK (Scrap Register): United States scrap gold prices declined on Friday, while gold futures prices at New York Mercantile Exchange edged up for its best weekly gain in seven months after the US dollar lost some ground following the most recent reading of the closely watched jobs report.
The major gold scrap commodities on the Scrap Register Price Index traded lower on Friday. The 9ct hallmarked gold scrap prices dropped slightly by 0.552% to $442.029 an ounce and 14ct hallmarked gold scrap prices edged lower to $689.565 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also down at $884.058 ounce and $1079.730 an ounce respectively.
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices fell to $418.105 an ounce and 14ct non-hallmarked gold scrap prices down to $652.243 an ounce on Friday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded slightly lower at $836.210 an ounce and $1021.291 an ounce respectively.
The most active April gold contract on the COMEX division of the New York Mercantile Exchange gained by $1.40 to $1,220.80 an ounce on Friday.
The Yellow metal touched an intraday low of $1,208.30 earlier after its settlement on Thursday at $1,219.40, marking the best level since mid-November. For the week, prices climbed 2.4%, the strongest since the week of June 10.