US Scrap Gold prices stay flat; Gold Futures post 1.5 percent weekly gain

UNITED STATES March 27 2017 5:54 PM

NEW YORK (Scrap Register): United States scrap gold prices stayed flat on Friday, while gold futures prices at New York Mercantile Exchange finished higher to log a second weekly gain in a row as demand for assets perceived as risky waned and the US dollar touched its lowest level in about seven weeks. 
The major gold scrap commodities on the Scrap Register Price Index remained flat on Friday. The 9ct hallmarked gold scrap prices remained steady at $453.778 an ounce and 14ct hallmarked gold scrap prices unchanged at to $707.894 an ounce. The 18ct hallmarked gold scrap and 22ct hallmarked gold scrap prices also traded stable at $907.556 ounce and $1108.429 an ounce respectively.
According to Scrap Register Price Index, the 9ct non-hallmarked gold scrap prices stayed steady at $429.218 an ounce and 14ct non-hallmarked gold scrap prices remained steady at $669.58 an ounce on Friday. The 18ct non-hallmarked gold scrap and 22ct non-hallmarked gold scrap prices are also unchanged at $858.436 an ounce and $1048.436 an ounce respectively.
The most active April gold contract on the COMEX division of the New York Mercantile Exchange gained by $1.30 an ounce to $1,248.50 an ounce on Friday, with the precious metal registering a 1.5% weekly gain.
Traders also eyed developments tied to a Republican-backed U.S. health-care bill, which could have wide-ranging influence in financial markets.