US Scrap Gold prices slightly up; Gold Futures advance 7% year-to-date

UNITED STATES February 07 2017 6:20 PM

NEW YORK (Scrap Register): United States scrap gold prices slightly up on Monday, while gold futures prices at New York Mercantile Exchange extending their gains from last week to lift prices to their highest settlement in nearly three months.

The major gold scrap commodities on the Scrap Register Price Index traded slightly higher on Monday. The 9ct hallmarked gold scrap prices gained slightly by 0.951% to $446.230 an ounce and 14ct hallmarked gold scrap prices edged higher to $696.119 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also higher at $892.461 ounce and $1089.992 an ounce respectively.

According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices climbed to $422.079 an ounce and 14ct non-hallmarked gold scrap prices up to $658.443 an ounce on Monday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also traded slightly higher at $844.157 an ounce and $1030.998 an ounce respectively.

The most active April gold contract on the COMEX division of the New York Mercantile Exchange rose by $11.30 to $1,232.10 an ounce on Friday.

Tracking the most-active contracts, that’s the highest close since November 10. Gold is up more than 7% in the year to date.