UNITED STATES March 13 2017 5:46 PM
NEW YORK (Scrap Register): United States scrap gold prices declined further on Friday, while gold futures prices at New York Mercantile Exchange settled lower for a ninth session in a row as monthly data on US non-farm payrolls fed expectations that the Federal Reserve will announce a decision to raise interest rates at its meeting next week.
The major gold scrap commodities on the Scrap Register Price Index dropped on Friday. The 9ct hallmarked gold scrap prices down by 0.323% to $437.464 an ounce and 14ct hallmarked gold scrap prices dropped to $682.444 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also traded lower at $874.928 ounce and $1068.579 an ounce respectively.
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices dropped to $413.787 an ounce and 14ct non-hallmarked gold scrap prices fell to $645.507 an ounce on Friday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also declined to $827.574 an ounce and $1010.743 an ounce respectively.
Yellow metal prices, however, held their ground above the key $1,200-an-ounce level and ended off the session’s lows despite the upbeat economic figures.